Carpio, Mar Devesa; Carpio, José E. Devesa - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2009
The present work defines a measure that allows one to determine the actuarial cost of delivering a monetary unit of pension in the case of a pay-as-you-go system. This cost is connected with the system's actuarial viability. The basis is the model used by Devesa & Devesa (2008b) to determine the...