In several developed countries, the baby boomers will come to retire in the next decades. This problem will threaten the sustainability and the inter- generational equity of mandatory pay-as-you-go pension systems because they will have to drain the “demographic wave” of retirees with a relatively small number of contributors. In this paper, we give the operating method developed on the basis of a general principle, which a defined contribution pension system, in a state of stable sustainability, should adopt to control these issues in the presence of a demographic wave. In the theoretical profile, our approach breaks and overcomes the classical juxtaposition between funded and pay-as-you-go pension schemes, carrying out the integration of the two financial methods.

Controlling a demographic wave in defined contribution pension systems / Angrisani, Massimo; Di Palo, Cinzia. - In: PURE MATHEMATICS AND APPLICATIONS. - ISSN 1788-800X. - STAMPA. - 27:2(2018), pp. 1-18. [10.1515/puma-2015-0001]

Controlling a demographic wave in defined contribution pension systems

ANGRISANI, Massimo;
2018

Abstract

In several developed countries, the baby boomers will come to retire in the next decades. This problem will threaten the sustainability and the inter- generational equity of mandatory pay-as-you-go pension systems because they will have to drain the “demographic wave” of retirees with a relatively small number of contributors. In this paper, we give the operating method developed on the basis of a general principle, which a defined contribution pension system, in a state of stable sustainability, should adopt to control these issues in the presence of a demographic wave. In the theoretical profile, our approach breaks and overcomes the classical juxtaposition between funded and pay-as-you-go pension schemes, carrying out the integration of the two financial methods.
Mandatory pension system control; baby boom demographic wave; logical sustainability; intergenerational equity
01 Pubblicazione su rivista::01a Articolo in rivista
Controlling a demographic wave in defined contribution pension systems / Angrisani, Massimo; Di Palo, Cinzia. - In: PURE MATHEMATICS AND APPLICATIONS. - ISSN 1788-800X. - STAMPA. - 27:2(2018), pp. 1-18. [10.1515/puma-2015-0001]
File allegati a questo prodotto
File Dimensione Formato  
Angrisani_Controlling-demographic-wave_2018.pdf

solo gestori archivio

Tipologia: Versione editoriale (versione pubblicata con il layout dell'editore)
Licenza: Tutti i diritti riservati (All rights reserved)
Dimensione 448.36 kB
Formato Adobe PDF
448.36 kB Adobe PDF   Visualizza/Apri   Richiedi una copia

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11573/972577
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus ND
  • ???jsp.display-item.citation.isi??? ND
social impact