Gronchi, Sandro and Nisticò, Sergio (2012): The Sustainable Rate of Return of Defined-Contribution Pension Schemes.
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Abstract
The paper identifies the sustainable rate of return (to be credited on all account balances) for a generic Defined-Contribution pension scheme regardless of its degree of funding.
Item Type: | MPRA Paper |
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Original Title: | The Sustainable Rate of Return of Defined-Contribution Pension Schemes |
Language: | English |
Keywords: | defined-Contribution pension schemes, sustainable return |
Subjects: | H - Public Economics > H5 - National Government Expenditures and Related Policies > H55 - Social Security and Public Pensions |
Item ID: | 48724 |
Depositing User: | Sergio Nisticò |
Date Deposited: | 31 Jul 2013 15:31 |
Last Modified: | 05 Oct 2019 16:40 |
References: | Aaron, H. (1966): ‘The social insurance paradox’. Canadian Journal of Economics and Political Science, 32 (3), pp. 371–4. Gronchi, S and S. Nisticò (2006): Implementing the NDC theoretical model. A comparison of Italy and Sweden. In Holzmann R. e E. Palmer (2006) (edited by) Pension reform. Issues and prospects for non-financial defined contribution (NDC) schemes, Washington: World Bank. Gronchi, S and S. Nisticò (2008): Theoretical Foundations of Pay-as-you-go Defined-Contribution Pension Schemes. Metroeconomica, 58: 2, 131-59. Lindbeck, A. and M. Persson. (2003): “The gains from pension reform”. Journal of Economic Literature 41. No.1. pp. 74-112. Samuelson, P. (1958): ‘An exact consumption loan model of interest with or without the social contrivance of money’. Journal of Political Economy, 68 (6), pp. 467 82. Settergren O., and B.D. Mikula (2006): The rate of return of pay-as-you-go pension systems: a more exact consumption-loan model of interest. In Holzmann R. and E. Palmer (eds), Pension Reform: Issues and Prospects for Non-Financial Defined Contribution (NDC) Schemes, Washington: World Bank. Valdés-Prieto, S. (2000): ‘The financial stability of notional account pensions’, Scandinavian Journal of Economics, 102 (3), pp. 395–417. ValdésPrieto, S. (2006). A Market Method to Endow NDC Systems with Automatic Financial Stability. In Holzmann, R., Palmer, E. (eds), Pension Reform: Issues and Prospects for Non-Financial Defined Contribution (NDC) Schemes, World Bank, Washington, DC. |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/48724 |