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Demographic change and the rate of return in pay-as-you-go pension systems

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Main Author: Matthias, Schön
Format: Book
Language:English
Published: Springer 2023
Subjects:
structure and persistence
PAYG
Online Access:https://link.springer.com/article/10.1007/s00148-023-00938-0
https://dlib.phenikaa-uni.edu.vn/handle/PNK/7849
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spelling oai:localhost:PNK-78492023-04-12T09:18:09Z Demographic change and the rate of return in pay-as-you-go pension systems Matthias, Schön structure and persistence PAYG CC BY The ongoing demographic change in most developed countries consists of two coinciding independent developments that differ in structure and persistence: A slow, monotonic and (presumably) permanent longevity effect caused by an increasing life expectancy; and a more rapidly changing, non-monotonic and less permanent cohort effect caused by fluctuations in the size of cohorts. This paper shows the longevity effect has a positive impact on the rates of return households generate within a pay-as-you-go (PAYG) pension system. The cohort effect, by contrast, results in winners and losers in PAYG systems. 2023-04-12T09:18:09Z 2023-04-12T09:18:09Z 2023 Book https://link.springer.com/article/10.1007/s00148-023-00938-0 https://dlib.phenikaa-uni.edu.vn/handle/PNK/7849 en application/pdf Springer
institution Digital Phenikaa
collection Digital Phenikaa
language English
topic structure and persistence
PAYG
spellingShingle structure and persistence
PAYG
Matthias, Schön
Demographic change and the rate of return in pay-as-you-go pension systems
description CC BY
format Book
author Matthias, Schön
author_facet Matthias, Schön
author_sort Matthias, Schön
title Demographic change and the rate of return in pay-as-you-go pension systems
title_short Demographic change and the rate of return in pay-as-you-go pension systems
title_full Demographic change and the rate of return in pay-as-you-go pension systems
title_fullStr Demographic change and the rate of return in pay-as-you-go pension systems
title_full_unstemmed Demographic change and the rate of return in pay-as-you-go pension systems
title_sort demographic change and the rate of return in pay-as-you-go pension systems
publisher Springer
publishDate 2023
url https://link.springer.com/article/10.1007/s00148-023-00938-0
https://dlib.phenikaa-uni.edu.vn/handle/PNK/7849
_version_ 1762999681101594624
score 8.887929

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