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Pensionomics: On the Role of PAYGO in Pension Portfolios - Lecture Notes in Economics and Mathematical Systems Matthias F. Jakel 2006 edition
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Pensionomics: On the Role of PAYGO in Pension Portfolios - Lecture Notes in Economics and Mathematical Systems
Matthias F. Jakel
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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