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The rate of return of pay-as-you-go pension systems: a more exact consumption-loan model of interest
| Content Provider | Scilit |
|---|---|
| Author | Settergren, Ole Mikula, Boguslaw D. |
| Copyright Year | 2005 |
| Description | The article presents a method for calculating the cross-section internal rate of return on contributions to pension systems financed according to the pay-as-you-go principle. The method entails a procedure for valuing the contribution flow of pay-as-you-go financing, and identifies the complete set of factors that determine the cross-section internal rate of return. The procedure makes it possible to apply the algorithm of double-entry bookkeeping in analyzing and presenting the financial position and development of pay-as-you-go pension systems. |
| Related Links | http://hermes-ir.lib.hit-u.ac.jp/rs/bitstream/10086/14227/1/pie_dp249.pdf https://www.cambridge.org/core/services/aop-cambridge-core/content/view/D26D27ACF1829F27E1234BC1396A8A9C/S1474747205002064a.pdf/div-class-title-the-rate-of-return-of-pay-as-you-go-pension-systems-a-more-exact-consumption-loan-model-of-interest-div.pdf |
| Ending Page | 138 |
| Page Count | 24 |
| Starting Page | 115 |
| ISSN | 14747472 |
| e-ISSN | 14753022 |
| DOI | 10.1017/s1474747205002064 |
| Journal | Journal of Pension Economics and Finance |
| Issue Number | 2 |
| Volume Number | 4 |
| Language | English |
| Publisher | Cambridge University Press (CUP) |
| Publisher Date | 2005-07-01 |
| Access Restriction | Open |
| Subject Keyword | Journal of Pension Economics and Finance Agricultural Economics Cross Section Rate of Return Internal Rate of Return |
| Content Type | Text |
| Resource Type | Article |
| Subject | Finance Economics and Econometrics Organizational Behavior and Human Resource Management |
