Pensionomics
  • Publisher : Springer Science & Business Media
  • Release : 06 October 2006
  • ISBN : 9783540346692
  • Page : 316 pages
  • Rating : /5 from voters
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Download or read online book entitled Pensionomics, was written by Matthias F. Jäkel and published by Springer Science & Business Media in pdf, epub and kindle format. This book was released on 06 October 2006 with total pages 316. 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. While this ideal form of diversification can not be implemented due to the imperfection of capital markets, one can design a typical Pay-As-You-Go system in such a way that it allows for the same intertemporal consumption allocations as the first-best solution.


Pensionomics

Pensionomics Author: Matthias F. Jäkel
Publisher: Springer Science & Business Media
Relase: 2006-10-06
ISBN: 9783540346692
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