Accumulating approach to the life-cycle pension model: practical advantages

In the present study, we make an effort to enhance the practical advantages of the life-cycle pension model. We observe that previous studies are based on a “switching”approach, that is, on the assumption that when a pension fund member reaches a certain age, his accumulated savings are fully switch...

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Bibliographic Details
Main Authors: Yaniv Azoulay, Andrey Kudryavtsev, Shosh Shahrabani
Format: Article
Language:English
Published: Institute of Public Finance 2016-12-01
Series:Financial Theory and Practice
Subjects:
Online Access: http://fintp.ijf.hr/upload/files/ftp/2016/4/AZOULAY.pdf