Advanced Search
MyIDEAS: Login

A Necessary Sustainability Condition for partially Funded Pension Systems

Contents:

Author Info

  • Massimo Angrisani

    (University La Sapienza of Rome, Italy)

  • Cinzia Di Palo

    (University of Cassino, Italy)

Registered author(s):

    Abstract

    This paper presents a necessary condition on the sustainability for defined contribution pension systems with a funded component under the assumption of a constant contribution rate and in the stabilisation phase. The work finds classification in the framework of “logically sustainable pension systems”, introduced in Angrisani (2006; 2008), which are pension systems whose sustainability is founded on logical-mathematical rules rather than on actuarial forecasting. On the base of this theory and by assuming an efficient rule on the rate of return on the pension liability, we give the condition relative to the “minimum level” of the constant contribution rate, only necessary for the sustainability of pension systems in the stabilisation phase. The paper also gives the numerical example where the necessary condition of sustainability is applied.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.fm-kp.si/zalozba/ISBN/978-961-266-112-0/papers/MIC4194.pdf
    File Function: full text in English
    Download Restriction: no

    File URL: http://www.fm-kp.si/zalozba/ISBN/978-961-266-113-7.pdf
    File Function: Conference Programme with Abstracts
    Download Restriction: no

    Bibliographic Info

    as in new window

    This chapter was published in: Massimo Angrisani & Cinzia Di Palo , , pages 773-788, 2011.

    This item is provided by University of Primorska, Faculty of Management Koper in its series MIC 2011: Managing Sustainability? Proceedings of the 12th International Conference, Portorož, 23–26 November 2011 [Selected Papers] with number 773-788.

    Handle: RePEc:mgt:micp11:773-788

    Contact details of provider:
    Postal: Cankarjeva 5, SI-6104 Koper, PO BOX 345
    Phone: 05 610 20 00
    Fax: 05 610 20 15
    Email:
    Web page: http://www.fm-kp.si/zalozba/ISBN/978-961-266-113-7.htm
    More information through EDIRC

    Related research

    Keywords: Public Pension Systems; Defined Contribution Pension System; Pension System Sustainability;

    References

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
    as in new window
    1. Palmer, Edward, 2000. "The Swedish pension reform model : framework and issues," Social Protection Discussion Papers 23086, The World Bank.
    Full references (including those not matched with items on IDEAS)

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:mgt:micp11:773-788. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Alen Jezovnik).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.