Costs and Benefits of Collective Pension Systems

These analyses carefully identify both the risk-sharing and value-transfer elements of the system and offer a powerful methodology for evaluating each and providing a systematic and objective means to evaluate such systems. Whether novice student or seasoned professional of collective pension issues...

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Bibliographic Details
Other Authors: Steenbeek, Onno W. (Editor), van der Lecq, S. G. Fieke (Editor)
Format: eBook
Published: Berlin, Heidelberg Springer Berlin Heidelberg 2007, 2007
Edition:1st ed. 2007
Online Access:
Collection: Springer eBooks 2005- - Collection details see MPG.ReNa
Table of Contents:
  • The concept of solidarity
  • Solidarities in collective pension schemes
  • Solidarity: who cares?
  • Quantifying solidarity
  • Operating costs of pension schemes
  • Optimal risk-sharing in private and collective pension contracts
  • Intergenerational value transfers within an industry-wide pension fund —a value-based ALM analysis
  • Intergenerational solidarity in the uniform contribution and accrual system
  • Everyone gains, but some more than others
  • Mandatory participation
  • Why mandatory retirement saving?
  • Mandatory participation for companies
  • Conclusion
  • Macroeconomic aspects of intergenerational solidarity
  • Summary and conclusions