Pensionomics On the Role of PAYGO in Pension Portfolios /
Pensionomics puts forward a portfolio perspective on the combination of funded and unfunded pension arrangements. In a second-best type argument it is formally shown that a Pay-As-You-Go pension system can substitute the tradability of human capital: if risk-averse investors were able to directly in...
Call Number: | Libro Electrónico |
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Main Author: | |
Corporate Author: | |
Format: | Electronic eBook |
Language: | Inglés |
Published: |
Berlin, Heidelberg :
Springer Berlin Heidelberg : Imprint: Springer,
2006.
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Edition: | 1st ed. 2006. |
Series: | Lecture Notes in Economics and Mathematical Systems,
572 |
Subjects: | |
Online Access: | Texto Completo |
Table of Contents:
- The Problem
- Global Aging and Pensionomics
- Methodical Foundation
- The Model
- Tradable Human Capital
- Replication with PAYGO
- The Implications
- Discussion and Assessment
- Conclusion and Further Research.