Fully funded systems

András Simonovits
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András Simonovits: Hungarian Academy of Scientists

Chapter Chapter 3 in Modeling Pension Systems, 2003, pp 21-31 from Palgrave Macmillan

Abstract: Abstract We start our discussion of pension systems with the so-called fully funded (for short, the funded) system or capital reserve system, which most closely approximates combined life insurance and life annuity. We shall discuss the complications arising in such a system— operating costs, volatility, annuitization—and present a case-study on Chile.

Keywords: Pension Fund; Contribution Rate; Real Interest Rate; Pension System; Student Loan (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59769-3_4

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DOI: 10.1057/9780230597693_4

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