Modeling Pension Systems

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Paperback, blz. | Engels
Palgrave Macmillan UK | e druk, 2003
ISBN13: 9781403915252
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Palgrave Macmillan UK e druk, 2003 9781403915252
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Samenvatting

The issue of unfunded public pension systems have moved to the centre of public debate all over the world. Unfortunately, a large part of the discussions have remained on a qualitative level. This book seeks to address this by providing detailed knowledge on modelling pension systems.

Specificaties

ISBN13:9781403915252
Taal:Engels
Bindwijze:paperback
Uitgever:Palgrave Macmillan UK
Hoofdrubriek:Economie

Inhoudsopgave

List of Figures List of Tables Introduction Part I - Micro Level 1 Life cycle 2 Life insurance with life annuity 3 Fully funded systems 4 Unfunded systems 5 Mixed systems 6 Contributions, taxes and inflation Part II - Macro Level 7 Demographic process 8 Macroeconomics of pension systems 9 Transition between pension systems 10 Distribution of pensions Part III - Special Topics 11 Optimal consumption path 12 Flexible retirement 13 A closed model of overlapping cohorts 14 Macroeffects of combined indexation 15 Prefunding the unfunded system 16 A dynamic model of German pension reform 17 Political models 18 General pension accounting for Hungary 19 Closing remarks A - Designing optimal benefit rules B - Overlapping generations Solutions to problems Notations References Index

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        Modeling Pension Systems