| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8312 |
| DP8312 Voluntary participation and intergenerational risk sharing in a funded pension system | |
| Roel Beetsma; Ward Romp; Siert Vos | |
| 发表日期 | 2011-04-01 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | We explore the feasibility of a funded pension system with intergenerational risk sharing when participation in the system is voluntary. Typically, the willingness of the young to participate depends on their belief about the future young's willingness to do so. We characterise equilibria with voluntary participation and show that the likelihood of their existence increases with risk aversion and financial market uncertainty. We find that it is likely that mandatory participation is necessary to sustain a funded pension pillar and to let participants benefit from intergenerational risk sharing. |
| 主题 | International Macroeconomics |
| 关键词 | Funded pensions Intergenerational risk sharing Participation constraints |
| URL | https://cepr.org/publications/dp8312 |
| 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/537149 |
| 推荐引用方式 GB/T 7714 | Roel Beetsma,Ward Romp,Siert Vos. DP8312 Voluntary participation and intergenerational risk sharing in a funded pension system. 2011. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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