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Pensionomics: On the Role of PAYGO in Pension Portfolios - Lecture Notes in Economics and Mathematical Systems Matthias F. Jakel 2006 edition
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Pensionomics: On the Role of PAYGO in Pension Portfolios - Lecture Notes in Economics and Mathematical Systems
Matthias F. Jakel
While this ideal form of diversification can not be implemented due to the imperfection of capital markets, one can design a typical Pay-As-You-Go system in such a way that it allows for the same intertemporal consumption allocations as the first-best solution.
316 pages, biography
| Medios de comunicación | Libros Paperback Book (Libro con tapa blanda y lomo encolado) |
| Publicado | 21 de abril de 2006 |
| ISBN13 | 9783540325970 |
| Editores | Springer-Verlag Berlin and Heidelberg Gm |
| Páginas | 316 |
| Dimensiones | 155 × 235 × 17 mm · 467 g |
| Lengua | Inglés |
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