Pension Systems, Demographic Change, and the Stock Market (Lecture Notes in Economics and Mathematical Systems): 610 - Brossura

Hillebrand, Marten

 
9783540779711: Pension Systems, Demographic Change, and the Stock Market (Lecture Notes in Economics and Mathematical Systems): 610
Brossura
ISBN 10: 354077971X ISBN 13: 9783540779711
Casa editrice: Springer, 2008

Sinossi

Due to the accelerating demographic change of the population the reform of the existing pension systems constitutes one of the greatest political challenges in most European countries.

A theoretical discussion of different pension reforms must incorporate not only the demographic aspect but also the role of financial market risk and the impact on production and employment.

These notes develop a dynamic macroeconomic model which incorporates these aspects within a flexible theoretical framework. The proposed approach provides a large scale population model and features a sound description of the production side as well as of the financial side of the economy and their interactions with the pension system.

Within this framework various adjustment policies of the pension system are studied under different population scenarios. The consequences for the economy and the welfare of consumers are analyzed and compared.

Le informazioni nella sezione "Riassunto" possono far riferimento a edizioni diverse di questo titolo.

Recensione

From the reviews:

"The book ... studies the implications of the looming demographic transition on pension systems, the stock market and individual welfare. ... Readers with an interest in the economic consequences of the looming demographic transition for pension systems and the stock market will find this book very interesting even if they are not doing active research in this area. ... The book is a worthy contribution to the literature on pensions and demographic transitions." (Marc-André Letendre, Canadian Studies in Population, Vol. 36 (1-2), Spring/Summer, 2009)

Contenuti

The Model.- The General Model.- The Parameterized Model.- The Simulation Study.- Pension Systems in the Presence of a Stationary Population.- Pension Systems in the Presence of Demographic Change.- Conclusions and Outlook.

Le informazioni nella sezione "Su questo libro" possono far riferimento a edizioni diverse di questo titolo.

Editore
Springer
Data di pubblicazione
2008
Lingua
Inglese
ISBN 10 
354077971X
ISBN 13 
9783540779711
Rilegatura
Copertina flessibile
Numero edizione
1
Numero di pagine
192
Contatto del produttore
non disponibile
Persona responsabile
CMN Printpool Inh. Mathis Neumann
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