Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/94970 
Erscheinungsjahr: 
1998
Schriftenreihe/Nr.: 
IUI Working Paper No. 499
Verlag: 
The Research Institute of Industrial Economics (IUI), Stockholm
Zusammenfassung: 
This paper considers the possibility of letting a pay-go pension system mimic a fully funded pension system. Generically, it turns out to be impossible to make a less than fully funded pension system actuarially fair on average. But a non-funded pay-go pension system can provide an actuarially fair implicit return on the margin, which increases economic efficiency. The benefits of this fall entirely on current pensioners as a windfall gain unless compensating transfers are implemented. Such a system can be thought of as a pay-go system that mimics a fully funded pension system in combination with lump transfers to current pensioners from current and future workers.
Schlagwörter: 
Pension systems
Pay-as-you-go
Actuarial
Funding
JEL: 
H50
H55
H60
Dokumentart: 
Working Paper

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