The paper inquires into notional defined contribution pension schemes, which retain the pay-as-you-go financing method while adopting the award and indexation formulas typical of funded, definedcontribution systems. It examines the properties of the new arrangement and compares them with those of the traditional defined-benefit pay-as-you-go schemes.

Theoretical Foundations of Pay-as-you-go Defined-Contribution Pension Schemes

NISTICO', Sergio
2008-01-01

Abstract

The paper inquires into notional defined contribution pension schemes, which retain the pay-as-you-go financing method while adopting the award and indexation formulas typical of funded, definedcontribution systems. It examines the properties of the new arrangement and compares them with those of the traditional defined-benefit pay-as-you-go schemes.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11580/8746
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