Intergenerational demographic risk-sharing properties of current social security systems in closed economies and open economies.
This paper examines the risk-sharing properties of two major social security systems, the Pay-as-You-Go (PAYGO) Defined Benefit (DB) systems and the pre-funding systems, in both closed and open economies. An Overlapping Generations (OLG) model is constructed to formulate consumer’s saving and consum...
Main Authors: | Wang, Jingyi., Ye, Honghai. |
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Other Authors: | School of Humanities and Social Sciences |
Format: | Final Year Project (FYP) |
Language: | English |
Published: |
2012
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Subjects: | |
Online Access: | http://hdl.handle.net/10356/48867 |
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