This work analyses pension system sustainability in the light of a new methodology (Angrisani, The logical sustainability of the pension system, 2008), which pertains to defined contribution pension systems provided with a funded component. A necessary and sufficient condition of the sustainability obtained in this methodological context is illustrated numerically. As regards sustainability our results show the key role of a specific variable of state, namely the level of unfunded contribution rate, whose definition is strictly connected to the part of pension liability that is not covered by system assets.
A new analysis methodology for pension system sustainability
DI PALO, Cinzia
2011-01-01
Abstract
This work analyses pension system sustainability in the light of a new methodology (Angrisani, The logical sustainability of the pension system, 2008), which pertains to defined contribution pension systems provided with a funded component. A necessary and sufficient condition of the sustainability obtained in this methodological context is illustrated numerically. As regards sustainability our results show the key role of a specific variable of state, namely the level of unfunded contribution rate, whose definition is strictly connected to the part of pension liability that is not covered by system assets.File in questo prodotto:
Non ci sono file associati a questo prodotto.
I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
