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The Efficiency of Unfunded Pension Schemes

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  • Homburg, Stefan

Abstract

The article demonstrates that it is possible to convert a pay-as-you-go pension scheme into a capital reserve pension scheme in a Pareto-improving fashion and in finite time.

Suggested Citation

  • Homburg, Stefan, 1990. "The Efficiency of Unfunded Pension Schemes," EconStor Open Access Articles, ZBW - German National Library of Economics, pages 640-647.
  • Handle: RePEc:zbw:espost:95247
    as

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    File URL: https://www.econstor.eu/bitstream/10419/95247/1/Homburg1990Unfunded.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    Pay-as-you-go; Public pensions;

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions

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