Häcker, Jasmin; Raffelhüschen, Bernd - Institut für Finanzwissenschaft <Freiburg, Breisgau> - 2005
Presuming an ageing population, every introduction of a pay-as-you-go schemecauses intergenerational redistribution in favor of the first generations and to theburden of young and future generations. Using the concept of internal rates ofreturn we want to examine the extent to which the first...
