Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/273801 
Erscheinungsjahr: 
2022
Schriftenreihe/Nr.: 
Tinbergen Institute Discussion Paper No. TI 2022-088/IV
Verlag: 
Tinbergen Institute, Amsterdam and Rotterdam
Zusammenfassung: 
We explore how members of a collective pension scheme can share inflation risks in the absence of suitable financial market instruments. Using intergenerational risk sharing arrangements, risks can be allocated better across the various participants of a collective pension scheme than would be the case in a strictly individual- or cohort-based pension scheme, as these can only lay off risks via existing financial market instruments. Hence, intergenerational sharing of these risks enhances welfare. In view of the sizes of their funded pension sectors, this would be particularly beneficial for the Netherlands and the U.K
Schlagwörter: 
pension funds
intergenerational risk sharing
unhedgeable inflation risk
incomplete markets
welfare loss
JEL: 
C61
E21
G11
G23
Dokumentart: 
Working Paper
Erscheint in der Sammlung:

Datei(en):
Datei
Größe
2.05 MB





Publikationen in EconStor sind urheberrechtlich geschützt.