Article ID Journal Published Year Pages File Type
5076346 Insurance: Mathematics and Economics 2016 25 Pages PDF
Abstract
The pay-as-you-go pension system in force is notional defined contribution and has the huge drawback that the replacement rate (the ratio between the monthly pension and the last wage perceived by the worker) is very low. We compare the two pension systems evaluating the dynamics of the replacement rate.
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Related Topics
Physical Sciences and Engineering Mathematics Statistics and Probability
Preview
A comparison of two legislative approaches to the pay-as-you-go pension system in terms of adequacy. The Italian case
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