When are voluntary pensions indifferent?
AbstractThe mandatory pension pillar is usually supplemented by a voluntary one. In our simple model, voluntary pensions partly replace mandatory ones without affecting the outcomes: the voluntary pensions are indifferent. This result may serve as benchmark.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 111 (2011)
Issue (Month): 2 (May)
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Web page: http://www.elsevier.com/locate/ecolet
Mandatory pension Voluntary pension Subsidy;
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