Article ID Journal Published Year Pages File Type
5067145 European Economic Review 2012 15 Pages PDF
Abstract
► We explore the scope for funded collective pensions with voluntary participation. ► This scope depends on the perceived willingness of future young to participate. ► It increases with risk aversion and financial market uncertainty. ► Mandatory participation is often necessary for realistic parameter values.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Voluntary participation and intergenerational risk sharing in a funded pension system
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