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The Sustainable Rate of Return of Defined-Contribution Pension Schemes

Author

Listed:
  • Gronchi, Sandro
  • Nisticò, Sergio

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.

Suggested Citation

  • Gronchi, Sandro & Nisticò, Sergio, 2012. "The Sustainable Rate of Return of Defined-Contribution Pension Schemes," MPRA Paper 48724, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:48724
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    File URL: https://mpra.ub.uni-muenchen.de/48724/2/MPRA_paper_48724.pdf
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    References listed on IDEAS

    as
    1. Paul A. Samuelson, 1958. "An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money," Journal of Political Economy, University of Chicago Press, vol. 66(6), pages 467-467.
    2. Assar Lindbeck & Mats Persson, 2003. "The Gains from Pension Reform," Journal of Economic Literature, American Economic Association, vol. 41(1), pages 74-112, March.
    3. Sandro Gronchi & Sergio Nisticò, 2008. "Theoretical Foundations Of Pay‐As‐You‐Go Defined‐Contribution Pension Schemes," Metroeconomica, Wiley Blackwell, vol. 59(2), pages 131-159, May.
    4. Salvador Valdes‐Prieto, 2000. "The Financial Stability of Notional Account Pensions," Scandinavian Journal of Economics, Wiley Blackwell, vol. 102(3), pages 395-417, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    defined-Contribution pension schemes; sustainable return;

    JEL classification:

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

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