The Efficiency of Unfunded Pension Schemes

Stefan Homburg

EconStor Open Access Articles and Book Chapters, 1990, vol. 146, 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.

Keywords: Pay-as-you-go; Public pensions (search for similar items in EconPapers)
JEL-codes: H55 (search for similar items in EconPapers)
Date: 1990
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Citations: View citations in EconPapers (135)

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https://www.econstor.eu/bitstream/10419/95247/1/Homburg1990Unfunded.pdf (application/pdf)

Related works:
Working Paper: The Efficiency of Unfunded Pension Schemes (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:espost:95247

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