THEORETICAL FOUNDATIONS OF PAY-AS-YOU-GO DEFINED-CONTRIBUTION PENSION SCHEMES

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. Copyright © 2008 The Authors.

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Year of publication:	2008
Authors:	Gronchi, Sandro ; Nisticò, Sergio
Published in:	Metroeconomica. - Wiley Blackwell, ISSN 0026-1386. - Vol. 59.2008, 2, p. 131-159
Publisher:	Wiley Blackwell

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005659025