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Pension systems, intergenerational risk sharing and inflation - R. Beetsma and A. L. Bovenberg

Author(s): R. Beetsma (University of Amsterdam) and A. L. Bovenberg (Tilburg University)

Pension systems, intergenerational risk sharing and inflation - R. Beetsma and A. L. Bovenberg pdf (599 kB) Choose translations of the previous link 

Everywhere in the industrialized world, population aging is putting social security systems under financial strain. As a result, social security systems are being reformed in many countries. In particular, various countries move from pure pay-as-you-go (PAYG) systems to pension systems that include a larger funded component. At the same time, definedbenefit systems in which benefits are guaranteed by public or corporate sponsors are being replaced by defined-contribution systems in which benefits are subject to various risks.
(European Economy. Economic Papers 257. October 2006. Brussels. 29pp. Tab. Free.)

KC-AI-06-257-EN-C (online)
ISBN 92-79-01198-7 (online)
ISSN 1725-3187 (online)

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