Pension system in some European countries
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The dissertation clarifies the current financial stability situation for the pension system in 3 countries: the UK, Germany, and Sweden, thereby drawing lessons for Vietnam in the process of reforming the pension system in the future.
27p trinhthamhodang1217 14-01-2021 20 3 Download
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Our aim is to contribute to the above literature by proposing a life-cycle model with individual income uncertainty that can be used to assess how various macroeconomic factors a®ect the equilibrium value of household credit. We show that its value de- pends on (i) the lending-deposit interest rate spread, (ii) individual income uncertainty, (iii) individual productivity persistence, and (iv) the generosity of the pension system.
63p enterroi 01-02-2013 45 4 Download