20 research outputs found
New Use of an Old Italian Invention: The double-entry bookkeeping used to monitor and secure financial stability of the new Swedish pay-as-you-go pension plan
Get PDFThe Rate of Return of Pay-As-You-Go Pension Systems: A More Exact Consumption-Loan Model of Interest
Get PDFThe 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.Social Security, Public Pensions, Internal rate of return, Accounting
Addressing the Legacy Costs in an NDC Reform: Conceptualization, Measurement, Financing
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International Workshop on The Balance Sheet of Social Security Pensions New Use of an Old Italian Invention -The double-entry bookkeeping used to monitor and secure financial stability of the new Swedish pay-as-you-go pension plan
No full textSocial Security and the Stock Market – How the Pursuit of Market Magic Shapes the System. By Alicia H. Munnell and Steven A. Sass. W. E. Upjohn Institute for Employment Research, 2006, ISBN 0-88099-290-5, 171 pages.
No full textThe Rate of Return of Pay-As-You-Go Pension Systems: A More Exact Consumption-Loan Model of Interest
No full textThe rate of return of pay-as-you-go pension systems: a more exact consumption-loan model of interest
No full textThe 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.
