Intergenerational balance 

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Microsoft Word - ageing_.doc
... effects of reforms on the intergenerational balance are important for the question which further reforms are most attractive. key words ageing, public finances, intergenerational balance jel code h62, j11 abstract ... the balance between revenues and expenditures is expected to worsen. this concept of sustainability can be motivated from the point of view of efficiency and of intergenerational equity ...
cpb.nl

Dia 1
... 1. facilitating life-cycle financial planning 2. insuring idiosyncratic risks 3. smoothing macroeconomic risks - intergenerational risk sharing of systemic risks (shocks in financial capital, human capital, demography) - why? ... may vote by voice or feet goverment drawbacks how to take risks on the balance sheet? taxes on human capital income and financial capital income distortionary impact can ...
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Defined-ambition pensions
... uk, but some forms of da dc pensions are in use, such as the cash balance pension provided to employees by uk supermarket chain morrisons. looking to the netherlands can the ... pension plan and thus to the employees as a group. cdc plans deliver efficiencies through intergenerational risk-sharing and economies of scale. if a cdc plan becomes underfunded, the plan's ...
aegon.nl