The paper inquires into notional defined contribution pension schemes, which retain the pay-as-you-go financing method while adopting the award and indexation formulas typical of funded, defined-contribution systems. It examines the properties of the new arrangement and compares them with those of the traditional defined-benefit pay-as-you-go schemes.
THEORETICAL FOUNDATIONS OF PAY-AS-YOU-GO DEFINED-CONTRIBUTION PENSION SCHEMES / Gronchi, Sandro; Sergio, Nistico. - In: METROECONOMICA. - ISSN 0026-1386. - 59:2(2008), pp. 131-159. [10.1111/j.1467-999x.2008.00296.x]
THEORETICAL FOUNDATIONS OF PAY-AS-YOU-GO DEFINED-CONTRIBUTION PENSION SCHEMES
GRONCHI, Sandro;
2008
Abstract
The paper inquires into notional defined contribution pension schemes, which retain the pay-as-you-go financing method while adopting the award and indexation formulas typical of funded, defined-contribution systems. It examines the properties of the new arrangement and compares them with those of the traditional defined-benefit pay-as-you-go schemes.File allegati a questo prodotto
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