Pensionomics: On the Role of PAYGO in Pension Portfolios - Lecture Notes in Economics and Mathematical Systems - Matthias F. Jakel - Books - Springer-Verlag Berlin and Heidelberg Gm - 9783540325970 - April 21, 2006
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Matthias F. Jakel
Pensionomics: On the Role of PAYGO in Pension Portfolios - Lecture Notes in Economics and Mathematical Systems 2006 edition

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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.

316 pages, biography

Media Books     Paperback Book   (Book with soft cover and glued back)
Released April 21, 2006
ISBN13 9783540325970
Publishers Springer-Verlag Berlin and Heidelberg Gm
Pages 316
Dimensions 155 × 235 × 17 mm   ·   467 g
Language English  

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