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Pensionomics

Pensionomics

Matthias F. Jakel / Matthias F. Jdkel / Matthias F. Jkel

133,71 €
IVA incluido
Disponible
Editorial:
Springer Nature B.V.
Año de edición:
2006
Materia
Finanzas personales
ISBN:
9783540325970
133,71 €
IVA incluido
Disponible

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Sobre IBD

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. 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.

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