| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2400 |
| DP2400 Reference Cycles: The NBER Methodology Revisited | |
| Marco Lippi; Lucrezia Reichlin; Marc Hallin; Mario Forni | |
| 发表日期 | 2000-03-28 |
| 出版年 | 2000 |
| 语种 | 英语 |
| 摘要 | This paper uses stochastic simulations on calibrated models to assess the optimal degree of reliance on funded pensions and on a particular type of unfunded (PAYG) pension. Surprisingly little is known about the optimal split between funded and unfunded systems when there are sources of uninsurable risk that are allocated in different ways by different types of pension system. This paper calculates the expected welfare of agents in different economies where in the steady state the importance of PAYG pensions differs. We estimate how the optimal level of unfunded, state pensions depends on rate of return and income risks and also upon the actuarial fairness of annuity contracts. |
| 主题 | International Macroeconomics ; Public Economics |
| 关键词 | Annuities Pensions Risk-sharing |
| URL | https://cepr.org/publications/dp2400 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531484 |
| 推荐引用方式 GB/T 7714 | Marco Lippi,Lucrezia Reichlin,Marc Hallin,et al. DP2400 Reference Cycles: The NBER Methodology Revisited. 2000. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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