Pensionomics puts forward a portfolio perspective on the combination of funded and unfunded pension arrangements. In a second-best type argument it is formally shown that a Pay-As-You-Go … Mehr…
Pensionomics puts forward a portfolio perspective on the combination of funded and unfunded pension arrangements. In a second-best type argument it is formally shown that a Pay-As-You-Go pension system can substitute the tradability of human capital: if risk-averse investors were able to directly invest into the present value of future labour income, they would allocate their pension portfolios in both human and physical capital. While this ideal form of diversification can not be implemented due to the imperfection of capital markets, one can design a typical Pay-As-You-Go system in such a way that it allows for the same intertemporal consumption allocations as the first-best solution. This replication works regardless of the demographic development.Therefore, PAYGO should play a key role in optimising the risk-return combinations for old-age savings. Books > Economics eBook, Springer Shop<
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Pensionomics ab 101.49 EURO On the Role of PAYGO in Pension Portfolios Lecture Notes in Economics and Mathematical Systems. Auflage 2006 Pensionomics ab 101.49 EURO On the Role of PAYGO i… Mehr…
Pensionomics ab 101.49 EURO On the Role of PAYGO in Pension Portfolios Lecture Notes in Economics and Mathematical Systems. Auflage 2006 Pensionomics ab 101.49 EURO On the Role of PAYGO in Pension Portfolios Lecture Notes in Economics and Mathematical Systems. Auflage 2006 eBooks > Sachthemen & Ratgeber > Familie & Partnerschaft, [PU: Springer, Berlin/Heidelberg]<
Economics; Macroeconomics/Monetary Economics//Financial Economics; Population Economics; Social Policy; Public Economics; Demography; Aging Demographic Change, Human Capital, Old-age savi… Mehr…
Economics; Macroeconomics/Monetary Economics//Financial Economics; Population Economics; Social Policy; Public Economics; Demography; Aging Demographic Change, Human Capital, Old-age savings, PAYGO, Pensions, Portfolio Books eBook, Springer Nature<
Pensionomics puts forward a portfolio perspective on the combination of funded and unfunded pension arrangements. In a second-best type argument it is formally shown that a Pay-As-You-Go … Mehr…
Pensionomics puts forward a portfolio perspective on the combination of funded and unfunded pension arrangements. In a second-best type argument it is formally shown that a Pay-As-You-Go pension system can substitute the tradability of human capital: if risk-averse investors were able to directly invest into the present value of future labour income, they would allocate their pension portfolios in both human and physical capital. While this ideal form of diversification can not be implemented due to the imperfection of capital markets, one can design a typical Pay-As-You-Go system in such a way that it allows for the same intertemporal consumption allocations as the first-best solution. This replication works regardless of the demographic development.Therefore, PAYGO should play a key role in optimising the risk-return combinations for old-age savings. Books > Economics eBook, Springer Shop<
new in stock. Versandkosten:zzgl. Versandkosten. (EUR 0.00)
Pensionomics ab 101.49 EURO On the Role of PAYGO in Pension Portfolios Lecture Notes in Economics and Mathematical Systems. Auflage 2006 Pensionomics ab 101.49 EURO On the Role of PAYGO i… Mehr…
Pensionomics ab 101.49 EURO On the Role of PAYGO in Pension Portfolios Lecture Notes in Economics and Mathematical Systems. Auflage 2006 Pensionomics ab 101.49 EURO On the Role of PAYGO in Pension Portfolios Lecture Notes in Economics and Mathematical Systems. Auflage 2006 eBooks > Sachthemen & Ratgeber > Familie & Partnerschaft, [PU: Springer, Berlin/Heidelberg]<
Economics; Macroeconomics/Monetary Economics//Financial Economics; Population Economics; Social Policy; Public Economics; Demography; Aging Demographic Change, Human Capital, Old-age savi… Mehr…
Economics; Macroeconomics/Monetary Economics//Financial Economics; Population Economics; Social Policy; Public Economics; Demography; Aging Demographic Change, Human Capital, Old-age savings, PAYGO, Pensions, Portfolio Books eBook, Springer Nature<
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EAN (ISBN-13): 9783540346692 ISBN (ISBN-10): 3540346694 Erscheinungsjahr: 2006 Herausgeber: Springer Berlin 316 Seiten Sprache: eng/Englisch
Buch in der Datenbank seit 2007-06-13T20:18:18+02:00 (Zurich) Detailseite zuletzt geändert am 2021-03-13T12:32:06+01:00 (Zurich) ISBN/EAN: 9783540346692
ISBN - alternative Schreibweisen: 3-540-34669-4, 978-3-540-34669-2 Alternative Schreibweisen und verwandte Suchbegriffe: Autor des Buches: jäkel, grabmaier
Daten vom Verlag:
Autor/in: Matthias F. Jäkel Titel: Lecture Notes in Economics and Mathematical Systems; Pensionomics - On the Role of PAYGO in Pension Portfolios Verlag: Springer; Springer Berlin 316 Seiten Erscheinungsjahr: 2006-10-06 Berlin; Heidelberg; DE Sprache: Englisch 96,29 € (DE) 99,00 € (AT) 118,00 CHF (CH) Available XII, 316 p.
EA; E107; eBook; Nonbooks, PBS / Wirtschaft/Volkswirtschaft; Makroökonomie; Verstehen; Demographic Change; Human Capital; Old-age savings; PAYGO; Pensions; Portfolio; C; Macroeconomics and Monetary Economics; Population Economics; Social Policy; Public Economics; Population and Demography; Ageing; Economics and Finance; Bevölkerung und Demographie; Sozialwesen und soziale Dienste; Kommunal-, Regional- Landes und Lokalregierung; Öffentlicher Dienst und öffentlicher Sektor; Biowissenschaften, allgemein; BC
The Problem.- Global Aging and Pensionomics.- Methodical Foundation.- The Model.- Tradable Human Capital.- Replication with PAYGO.- The Implications.- Discussion and Assessment.- Conclusion and Further Research. Includes supplementary material: sn.pub/extras
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