The issue of unfunded public pension systems has moved to the center of public debate all over the world. Unfortunately, a large part of the discussions have remained on a qualitative level. This book seeks to address this by providing detailed knowledge on modeling pension systems.
Modeling Pension Systems
β Scribed by AndrΓ‘s Simonovits (auth.)
- Publisher
- Palgrave Macmillan UK
- Year
- 2003
- Tongue
- English
- Leaves
- 247
- Edition
- 1
- Category
- Library
No coin nor oath required. For personal study only.
β¦ Synopsis
The issue of unfunded public pension systems have moved to the centre of public debate all over the world. Unfortunately, a large part of the discussions have remained on a qualitative level. This book seeks to address this by providing detailed knowledge on modelling pension systems.
β¦ Table of Contents
Front Matter....Pages i-xvi
Introduction....Pages 1-3
Front Matter....Pages 5-5
Life cycle....Pages 7-13
Life insurance with life annuity....Pages 14-20
Fully funded systems....Pages 21-31
Unfunded systems....Pages 32-48
Mixed systems....Pages 49-54
Contributions, taxes and inflation....Pages 55-62
Front Matter....Pages 63-63
Demographic processes....Pages 65-75
Macroeconomics of pension systems....Pages 76-87
Transition between pension systems....Pages 88-96
Distribution of pensions....Pages 97-102
Front Matter....Pages 103-103
Optimal consumption path....Pages 105-113
Flexible retirement....Pages 114-130
A closed model of overlapping cohorts....Pages 131-138
Macroeffects of combined indexation....Pages 139-143
Prefunding the unfunded system....Pages 144-158
A dynamic model of the German pension reform....Pages 159-166
Political models....Pages 167-173
Generational pension accounting for Hungary....Pages 174-176
Closing remarks....Pages 177-178
Back Matter....Pages 179-236
β¦ Subjects
Macroeconomics/Monetary Economics//Financial Economics; Wealth Management/Pension Planning
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