Un approccio di equilibrio finanziario di lungo periodo ai problemi di un sistema pensionistico a ripartizione

Authors

  • A. NICCOLI

DOI:

https://doi.org/10.13133/2037-3651/10913

Abstract

The article compares the distributional features of pay-as-you-go and fully funded pension systems. It analyses in particular the tendencies of pay-as-you-go systems to offer vary high benefits and internal rate of returns at the beginning of their establishment, while being subject to increasingly painful cuts in benefits over time. The author concludes that a mixed system exhibiting features of both pay-as-you-go and fully funded pension systems may be the optimal one.

 

JEL Codes: H55

 

Downloads

Published

2013-10-24

Issue

Vol. 45 No. 177 (1992)

Section

Articoli

License

All material in this website and every article published by the review are licensed under a Creative Commons Attribution - Non commercial - No derivates 4.0 International license. Authors retain all rights on their works and grant the right to first publication to the review under the aforementioned license.