Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/95247
Authors: 
Homburg, Stefan
Year of Publication: 
1990
Citation: 
[Journal:] Journal of institutional and theoretical economics : JITE [ISSN:] 0044-2550 [Publisher:] Mohr Siebeck [Place:] Tübingen [Volume:] 146 [Pages:] 640-647
Abstract: 
The article demonstrates that it is possible to convert a pay-as-you-go pension scheme into a capital reserve pension scheme in a Pareto-improving fashion and in finite time.
Abstract (Translated): 
Der Artikel zeigt, dass umlagefinanzierte Renten in kapitalgedeckte Renten umgewandelt werden können, und zwar in endlicher Zeit und ohne dass eine Generation schlechter gestellt wird.
Subjects: 
Pay-as-you-go
Public pensions
JEL: 
H55
Document Type: 
Article

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