Unfunded pension systems ageing and variance

• Other Authors: Uebelmesser, Silke.
• Format: Electronic
• Language: English
• Published: Bingley, U.K. : Emerald, 2004.
• Series: Contributions to economic analysis ; v. 264.
• Subjects: Business & Economics > International > Economics.; Politics & government.; Welfare & benefit systems.; Pensions.; Old age pensions.; elektronické knihy; electronic books
• ISBN: 9781849508261 (electronic bk.) :
• Physical Description: 1 online resource (viii, 271 p.).

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...