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A portfolio approach to the optimal funding of pensions
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Cited by:
- Kokonas, Nikos & Polemarchakis, Herakles, 2015. "Suboptimality with land," Economic Research Papers 269722, University of Warwick - Department of Economics.
- Wagener, Andreas, 2004.
"On intergenerational risk sharing within social security schemes,"
European Journal of Political Economy, Elsevier, vol. 20(1), pages 181-206, March.
- Andreas Wagener, 2001. "On Intergenerational Risk Sharing within Social Security Schemes," CESifo Working Paper Series 499, CESifo.
- Christophe Hachon, 2008.
"Redistribution, Pension Systems and Capital Accumulation,"
Financial Theory and Practice, Institute of Public Finance, vol. 32(3), pages 339-368.
- Christophe Hachon, 2008. "Redistribution, Pension Systems and Capital Accumulation," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00279167, HAL.
- Matsen, Egil & Thogersen, Oystein, 2004.
"Designing social security - a portfolio choice approach,"
European Economic Review, Elsevier, vol. 48(4), pages 883-904, August.
- Egil Matsen & Øystein Thøgersen, 2000. "Designing Social Security – A Portfolio Choice Approach," Working Paper Series 1102, Department of Economics, Norwegian University of Science and Technology.
- Matsen, E. & Thogersen, O., 2001. "Designing Social Security - A Portfolio Choice Approach," Papers 21/2001, Norwegian School of Economics and Business Administration-.
- Westerhout, Ed & Meijdam, Lex & Ponds, Eduard & Bonenkamp, Jan, 2022.
"Should we revive PAYG? On the optimal pension system in view of current economic trends,"
European Economic Review, Elsevier, vol. 148(C).
- Westerhout, Ed & Meijdam, Lex & Ponds, Eduard & Bonenkamp, Jan, 2021. "Should we Revive PAYG? On the Optimal Pension System in View of Current Economic Trends," Discussion Paper 2021-013, Tilburg University, Center for Economic Research.
- Westerhout, Ed & Meijdam, Lex & Ponds, Eduard & Bonenkamp, Jan, 2021. "Should we Revive PAYG? On the Optimal Pension System in View of Current Economic Trends," Other publications TiSEM 63418f60-e248-4dc9-aac8-f, Tilburg University, School of Economics and Management.
- Corsini, Lorenzo & Spataro, Luca, 2013.
"Savings for retirement under liquidity constraints: A note,"
Economics Letters, Elsevier, vol. 118(2), pages 258-261.
- Corsini, Lorenzo & Spataro, Luca, 2012. "Savings for retirement under liquidity constraints: a note," MPRA Paper 38668, University Library of Munich, Germany.
- Øystein Thøgersen, 2006. "Intergenerational Risk Sharing by Means of Pay-as-you-go Programs – an Investigation of Alternative Mechanisms," CESifo Working Paper Series 1759, CESifo.
- repec:onb:oenbwp:y::i:146:b:1 is not listed on IDEAS
- Miroslav Verbič & Rok Spruk, 2014. "Aging Population and Public Pensions: Theory and Macroeconometric Evidence," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 61(3), pages 289-316, June.
- Devolder, Pierre & Melis, Roberta, 2015.
"Optimal Mix Between Pay As You Go And Funding For Pension Liabilities In A Stochastic Framework,"
ASTIN Bulletin, Cambridge University Press, vol. 45(3), pages 551-575, September.
- Devolder, Pierre & Melis, Roberta & Miller, Aurelie, 2012. "Optimal mix between pay as you go and funding for pension liabilities in a stochastic framework," LIDAM Discussion Papers ISBA 2012029, Université catholique de Louvain, Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA).
- Devolder, Pierre & Melis, Roberta, 2015. "Optimal mix between pay as you go and funding for pension liabilities in a stochastic framework," LIDAM Reprints ISBA 2015029, Université catholique de Louvain, Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA).
- Muysken, J. & Sleijpen, O.C.H.M., 2011. "Lessons from the financial crisis: funded pension funds should invest conservatively," Research Memorandum 020, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
- Lorenzo Corsini & Luca Spataro, 2015. "Optimal Decisions on Pension Plans in the Presence of Information Costs and Financial Literacy," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 17(3), pages 383-414, June.
- Börsch-Supan, A. & Härtl, K. & Leite, D.N., 2016.
"Social Security and Public Insurance,"
Handbook of the Economics of Population Aging, in: Piggott, John & Woodland, Alan (ed.), Handbook of the Economics of Population Aging, edition 1, volume 1, chapter 0, pages 781-863,
Elsevier.
- Börsch-Supan, Axel & Härtl, Klaus & Leite, Duarte Nuno, 2016. "Social security and public insurance," MEA discussion paper series 201604, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
- Nicholas Barr & Peter Diamond, 2009.
"Reforming pensions: Principles, analytical errors and policy directions,"
International Social Security Review, John Wiley & Sons, vol. 62(2), pages 5-29, April.
- Barr, Nicholas & Diamond, Peter, 2009. "Reforming pensions: principles, analytical errors and policy directions," LSE Research Online Documents on Economics 25099, London School of Economics and Political Science, LSE Library.
- Yuqin Sun & Yungao Wu & Gejirifu De, 2023. "A Novel Black-Litterman Model with Time-Varying Covariance for Optimal Asset Allocation of Pension Funds," Mathematics, MDPI, vol. 11(6), pages 1-21, March.
- Lin He & Zongxia Liang & Zhaojie Ren & Yilun Song, 2023. "Optimal Mix Among PAYGO, EET and Individual Savings," Papers 2302.09218, arXiv.org.
- Markus Knell, 2010.
"The Optimal Mix Between Funded and Unfunded Pension Systems When People Care About Relative Consumption,"
Economica, London School of Economics and Political Science, vol. 77(308), pages 710-733, October.
- Markus Knell, 2008. "The Optimal Mix Between Funded and Unfunded Pensions System When People Care About Relative Consumption," Working Papers 146, Oesterreichische Nationalbank (Austrian Central Bank).
- Verbič, Miroslav & Spruk, Rok, 2011. "Aging population and public pensions: theory and evidence," MPRA Paper 38914, University Library of Munich, Germany.
- Meijdam, A.C. & Ponds, E.H.M., 2013.
"On the Optimal Degree Of Funding Of Public Sector Pension Plans,"
Other publications TiSEM
1c5b7af1-e1ee-4d01-a341-f, Tilburg University, School of Economics and Management.
- Meijdam, A.C. & Ponds, E.H.M., 2013. "On the Optimal Degree Of Funding Of Public Sector Pension Plans," Discussion Paper 2013-011, Tilburg University, Center for Economic Research.
- Bilancini, Ennio & D’Antoni, Massimo, 2012. "The desirability of pay-as-you-go pensions when relative consumption matters and returns are stochastic," Economics Letters, Elsevier, vol. 117(2), pages 418-422.
- Nikos Kokonas & Herakles Polemarchakis, 2016. "Suboptimality with land," Department of Economics Working Papers 45/15, University of Bath, Department of Economics.
- Thomas Url, 2017. "Die Lebensversicherung aus einer individuellen und gesamtwirtschaftlichen Perspektive," WIFO Studies, WIFO, number 60505.
- Kokonas, Nikos & Polemarchakis, Herakles, 2015. "Suboptimality with land," CRETA Online Discussion Paper Series 13, Centre for Research in Economic Theory and its Applications CRETA.
- Christophe Hachon, 2008. "Redistribution, Pension Systems and Capital Accumulation," Working Papers halshs-00279167, HAL.
- Enrique Ballestero & David Pla-Santamaria, 2005. "Grading the performance of market indicators with utility benchmarks selected from Footsie: a 2000 case study," Applied Economics, Taylor & Francis Journals, vol. 37(18), pages 2147-2160.
- De Menil, Georges & Murtin, Fabrice & Sheshinski, Eytan & Yokossi, Tite, 2016.
"A rational, economic model of paygo tax rates,"
European Economic Review, Elsevier, vol. 89(C), pages 55-72.
- Shehsinski, Eytan & de Menil, Georges & Murtin, Fabrice, 2014. "A Rational Economic Model of Paygo Tax Rates," MPRA Paper 64451, University Library of Munich, Germany.
- Sheshinski, Eytan & Murtin, Fabrice & de Menil, Georges & T. Yokossi, Murtin, 2016. "A Rational Economic Model of Paygo Tax Rates," MPRA Paper 72034, University Library of Munich, Germany.
- Nikolaos Kokonas & Herakles Polemarchakis, 2017. "Debt and welfare in economies with land," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 64(4), pages 805-824, December.
- Szüle, Borbála, 2013. "Demográfiai hatások és implicit hozamok kapcsolata a nyugdíjrendszerekben [The relationship of demographic effects and implicit returns in pension systems]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(6), pages 703-721.
- Ennio Bilancini & Massimo D'Antoni, 2008. "Pensions and Intergenerational Risk-Sharing When Relative Consumption Matters," Department of Economics University of Siena 541, Department of Economics, University of Siena.
- Kokonas, Nikos & Polemarchakis, Herakles, 2015. "Suboptimality with land," The Warwick Economics Research Paper Series (TWERPS) 1103, University of Warwick, Department of Economics.
- Alonso-García, J. & Devolder, P., 2016. "Optimal mix between pay-as-you-go and funding for DC pension schemes in an overlapping generations model," Insurance: Mathematics and Economics, Elsevier, vol. 70(C), pages 224-236.
- Brigitte Granville & Sushanta Mallick, 2004. "Pension reforms and saving gains in the United Kingdom," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 7(2), pages 123-136.
- Garon, Jean-Denis, 2016.
"The commitment value of funding pensions,"
Economics Letters, Elsevier, vol. 145(C), pages 11-14.
- Jean-Denis Garon, 2016. "The commitment value of funding pensions," Cahiers de recherche 1602, Chaire de recherche Industrielle Alliance sur les enjeux économiques des changements démographiques.
- Szüle, Borbála, 2011. "Portfólióelméleti modell szerinti optimális nyugdíjrendszer [The optimal pension system according to a portfolio theory model]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(9), pages 792-805.
- He, Lin & Liang, Zongxia & Wang, Sheng, 2022. "Dynamic optimal adjustment policies of hybrid pension plans," Insurance: Mathematics and Economics, Elsevier, vol. 106(C), pages 46-68.
- Szüle, Borbála, 2013. "Savings and Implicit Debt in Pension Systems," Public Finance Quarterly, Corvinus University of Budapest, vol. 58(3), pages 334-348.
- Knell, Markus, 2013. "The Intergenerational Distribution of Demographic Fluctuations in Unfunded and Funded Pension Systems," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79830, Verein für Socialpolitik / German Economic Association.
- M. Carmen Boado-Penas & Julia Eisenberg & Ralf Korn, 2019. "Transforming public pensions: A mixed scheme with a credit granted by the state," Papers 1912.12329, arXiv.org.
- Romaniuk, Katarzyna, 2018. "A simple rule to determine the usefulness of the paygo system on diversification grounds," The Quarterly Review of Economics and Finance, Elsevier, vol. 67(C), pages 282-284.