Munich Personal RePEc Archive

NDC v FDC: Pros, cons and replication

Blake, David (2009): NDC v FDC: Pros, cons and replication.

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Abstract

This paper examines the advantages and disadvantages of non-financial defined contribution (NDC) pension plans relative to financial defined contribution (FDC) pension plans. It also shows how an NDC outcome can be replicated in a FDC framework.

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