Pension Systems, Demographic Change, and the Stock Market

• Main Author: Hillebrand, Marten (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Berlin, Heidelberg : Springer Berlin Heidelberg, 2008.
• Series: Lecture Notes in Economics and Mathematical Systems, 610
• Subjects: Business.; Management science.; Finance.; Macroeconomics.; Social policy.; Population.; Economics.; Population Economics.; Business and Management, general.; Finance, general.; Macroeconomics/Monetary Economics//Financial Economics.; Social Policy.

Due to the accelerating demographic change of the population the reform of the existing pension systems constitutes one of the greatest political challenges in most European countries. A theoretical discussion of different pension reforms must incorporate not only the demographic aspect but also the...

Table of Contents:

• The Model
• The General Model
• The Parameterized Model
• The Simulation Study
• Pension Systems in the Presence of a Stationary Population
• Pension Systems in the Presence of Demographic Change
• Conclusions and Outlook.