Pensionomics on the role of PAYGO in pension portfolios /
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 in...
| Main Author: | Jäkel, Matthias F. |
|---|---|
| Other Authors: | SpringerLink (Online service) |
| Format: | eBook |
| Language: | English |
| Published: |
Berlin ; New York :
Springer,
©2006.
Berlin ; New York : [2006] |
| Physical Description: |
1 online resource (xii, 316 pages) : illustrations. |
| Series: |
Lecture notes in economics and mathematical systems ;
572. |
| Subjects: |
CMU Electronic Access
Electronic Resource Click Here| Location | Call Number: | Status |
|---|---|---|
| CMU Electronic Access | Available |