Theoretical Foundations Of Pay-As-You-Go Defined-Contribution Pension Schemes
The paper inquires into notional defined contribution pension schemes, which retain the pay-as-you-go financing method while adopting the award and indexation formulas typical of funded, defined-contribution systems. It examines the properties of the new arrangement and compares them with those of the traditional defined-benefit pay-as-you-go schemes. Copyright © 2008 The Authors.
Volume (Year): 59 (2008)
Issue (Month): 2 (05)
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