Demographic change and the rate of return in pay-as-you-go pension systems
CC BY
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| Định dạng: | Sách |
| Ngôn ngữ: | English |
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Springer
2023
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| Truy cập trực tuyến: | https://link.springer.com/article/10.1007/s00148-023-00938-0 https://dlib.phenikaa-uni.edu.vn/handle/PNK/7849 |
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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 |
8.891695 |