NDC v FDC: Pros, cons and replication

David Blake

MPRA Paper from University Library of Munich, Germany

Abstract: This paper examines the advantages and disadvantages of non-financial defined contribution (NDC) pension plans relative to financial defined contribution (FDC) pension plans. It also shows how an NDC outcome can be replicated in a FDC framework.

Keywords: Non-financial defined contribution; Financial defined contribution (search for similar items in EconPapers)
JEL-codes: J11 J14 (search for similar items in EconPapers)
Date: 2009-12
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:33752

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