Optimising pension financing with an application to the Finnish earnings-related pension scheme
Vaittinen, Risto; Risku, Ismo; Lindell, Christina; Biström, Peter (2007-10-18)
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Lataukset:
Vaittinen, Risto
Risku, Ismo
Lindell, Christina
Biström, Peter
Eläketurvakeskus
18.10.2007
Julkaisun pysyvä osoite on
https://urn.fi/URN:ISBN:978-951-691-083-6
Finnish Centre for Pensions, Working Papers 2007:1
https://urn.fi/URN:ISBN:978-951-691-083-6
Finnish Centre for Pensions, Working Papers 2007:1
Tiivistelmä
In this research we assess optimality criteria for the contribution patch, taking expenditures as given. The contribution rule is examined both in case of certainty and in case of uncertainty about future alternatives. Under certain natural conditions, it is optimal to set the contribution immediately at a level which is permanently adequate. In case of uncertain future alternatives, it is best to set the expected contribution rate at a level which is sustainable in terms of the expectations. We also study how uncertainty in the contributions base influences the setting of contribution rates.
Kokoelmat
- Julkaisut [1149]