Vidal-Meliá, Carlos; Domínguez-Fabián, Inmaculada; … - In: Journal of Risk & Insurance 73 (2006) 3, pp. 489-515
This article aims to quantify the "aggregate subjective economic" risk to which beneficiaries would be exposed if a retirement pension system based on notional account philosophy were introduced. We use scenario generation techniques to make projections of the factors that determine the real...