On the financial sustainability of earnings-related pension schemes with "pay-as-you-go" financing and the role of government indexed bonds [electronic resource] / David A. Robalino, Andras Bodor.

"In this paper the authors reconsider the idea of an earnings-related pension system with reserves invested in indexed government bonds as a mechanism to both ensure financial sustainability and improve security. They start by reviewing the characterization of the sustainable rate of return of...

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Main Author: Robalino, David A.
Other Authors: Bodor, András
Format: Electronic eBook
Language:English
Published: [Washington, D.C.] : World Bank, Middle East and North Africa Region, Human Development Group, [2006]
Series:Policy research working papers ; 3966.
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Call Number: HG3881.5.W57 P63 no.3966
HG3881.5.W57 P63 no.3966 Available