On the financial sustainability of earnings-related pension schemes with "pay-as-you-go" financing and the role of government indexed bonds / David A. Robalino, Andras Bodor, Research working paper Collection Title:Policy
"In this paper the authors reconsider the idea of an earnings-related pension system with reserves invested in indexed government bonds as a mechanism to both ensure financial sustainability and improve security. They start by reviewing the characterization of the sustainable rate of return of...
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