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dc.contributor.authorGóra, Mareken_US
dc.contributor.authorPalmer, Edwarden_US
dc.date.accessioned2009-01-28T16:15:48Z-
dc.date.available2009-01-28T16:15:48Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/20666-
dc.description.abstractThis paper addresses the questions of what is an economically efficient pension system, what are the externalities and what are the risks of the four alternative pension systems: financial defined contribution (FDC), notional or non-financial defined contribution (NDC), financial defined benefit (FDB) and non-financial defined benefit (NDB). A main contribution of the paper is the development of the concept of NDC, itself a new construction in pension economics. An important conclusion is that NDC is neutral in terms of externalities. It manages the risks and eliminates the negative externalities associated with traditional public NDB schemes, and in a manner similar to FDC schemes.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesIZA Discussion paper series 1369en_US
dc.subject.jelD91en_US
dc.subject.jelH55en_US
dc.subject.jelJ26en_US
dc.subject.jelH23en_US
dc.subject.jelD8en_US
dc.subject.jelG23en_US
dc.subject.jelD6en_US
dc.subject.ddc330en_US
dc.subject.keywordpensionsen_US
dc.subject.keywordNDCen_US
dc.subject.keywordFDCen_US
dc.subject.keywordnotional account systemsen_US
dc.subject.keywordfinancial account systemsen_US
dc.subject.keywordfundingen_US
dc.subject.keywordexternalitiesen_US
dc.subject.keywordrisksen_US
dc.subject.keyworddefined contributionen_US
dc.subject.keywordgovernment debten_US
dc.subject.stwGesetzliche Rentenversicherungen_US
dc.subject.stwUmlageverfahrenen_US
dc.subject.stwKapitaldeckungsverfahrenen_US
dc.subject.stwWirtschaftliche Effizienzen_US
dc.subject.stwExterner Effekten_US
dc.titleShifting Perspectives in Pensionsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn476072646en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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