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Book Cover
E-book
Author Hillebrand, Marten.

Title Pension systems, demographic change, and the stock market / Marten Hillebrand
Published Berlin : Springer, ©2008

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Description 1 online resource (x, 176 pages) : illustrations
Series Lecture notes in economics and mathematical systems ; 610
Lecture notes in economics and mathematical systems (Online) ; 610
Contents Introduction; The General Model; The Parameterized Model; Pension Systems in the Presence of a Stationary Population; Pension Systems in the Presence of Demographic Change; Conclusions and Outlook
Summary 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
Notes doctoral Universität, Bielefeld 2006
Bibliography Includes bibliographical references (pages 173-176)
Notes English
Print version record
Subject Pensions -- Europe -- Mathematical models
Stock exchanges.
POLITICAL SCIENCE -- Public Policy -- Social Security.
Pensions -- Europe -- Mathematical models.
Stock exchanges.
Plans de retraite.
Science économique.
Affaires.
Economie de l'entreprise.
Bourses des valeurs.
Thèses.
Modèles mathématiques.
Pensions -- Mathematical models.
Stock exchanges.
Europe.
Genre/Form Academic theses.
Academic theses.
Thèses et écrits académiques.
Form Electronic book
ISBN 9783540779728
3540779728