Unfunded pension systems ageing and variance /

• Άλλοι συγγραφείς: Uebelmesser, Silke
• Μορφή: Ηλεκτρονική πηγή Ηλ. βιβλίο
• Γλώσσα: English
• Έκδοση: Bingley, U.K. : Emerald, 2004.
• Σειρά: Contributions to economic analysis ; v. 264.
• Θέματα: Business & Economics > International > Economics.; Politics & government.; Welfare & benefit systems.; Pensions.; Old age pensions.

Pension systems in most industrialised countries are unfunded, i.e. they are pay-as-you-go financed and thus depend on a well-balanced ratio (old) recipients to (young) contributors. This so-called dependency ratio will worsen significantly in the next few decades due to two developments: ageing of...