Pensionomics: On the Role of PAYGO in Pension Portfolios (Lecture Notes in Economics Mathematical Systems)
5 Angebote vergleichen
| Preise | 2012 | 2013 | 2014 | 2015 |
|---|---|---|---|---|
| Schnitt | € 82,33 | € 83,79 | € 107,99 | € 129,98 |
| Nachfrage |
1
Pensionomics: On the Role of Paygo in Pension Portfolios
DE PB NWISBN: 9783540325970 bzw. 3540325972, in Deutsch, Springer, Taschenbuch, neu.
Von Händler/Antiquariat, BuySomeBooks [52360437], Las Vegas, NV, U.S.A.
Paperback. 316 pages. Dimensions: 9.2in. x 6.1in. x 0.8in.Pensionomics puts forward a portfolio perspective on the combination of funded and unfunded pension arrangements. In a second-best type argument it is formally shown that a Pay-As-You-Go pension system can substitute the tradability of human capital. While this ideal form of diversification can not be implemented due to the imperfection of capital markets, one can design a typical Pay-As-You-Go system in such a way that it allows for the same intertemporal consumption allocations as the first-best solution. This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN.
Paperback. 316 pages. Dimensions: 9.2in. x 6.1in. x 0.8in.Pensionomics puts forward a portfolio perspective on the combination of funded and unfunded pension arrangements. In a second-best type argument it is formally shown that a Pay-As-You-Go pension system can substitute the tradability of human capital. While this ideal form of diversification can not be implemented due to the imperfection of capital markets, one can design a typical Pay-As-You-Go system in such a way that it allows for the same intertemporal consumption allocations as the first-best solution. This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN.
2
Pensionomics: On the Role of PAYGO in Pension Portfolios (Lecture Notes in Economics and Mathematical Systems)
DE PB NWISBN: 9783540325970 bzw. 3540325972, in Deutsch, Springer, Berlin/Heidelberg, Deutschland, Taschenbuch, neu.
Von Händler/Antiquariat, BuySomeBooks [52360437], Las Vegas, NV, U.S.A.
This item is printed on demand. Paperback. Pensionomics puts forward a portfolio perspective on the combination of funded and unfunded pension arrangements. In a second-best type argument it is formally shown that a Pay-As-You-Go pension system can substitute the tradability of human capital. While this ideal form of diversification can not be implemented due to the imperfection of capital markets, one can design a typical Pay-As-You-Go system in such a way that it allows for the same intertemporal consumption allocations as the first-best solution. This item ships from La Vergne,TN.
This item is printed on demand. Paperback. Pensionomics puts forward a portfolio perspective on the combination of funded and unfunded pension arrangements. In a second-best type argument it is formally shown that a Pay-As-You-Go pension system can substitute the tradability of human capital. While this ideal form of diversification can not be implemented due to the imperfection of capital markets, one can design a typical Pay-As-You-Go system in such a way that it allows for the same intertemporal consumption allocations as the first-best solution. This item ships from La Vergne,TN.
3
Pensionomics: On the Role of Paygo in Pension Portfolios (Paperback) (2006)
DE PB NW RPISBN: 9783540325970 bzw. 3540325972, in Deutsch, Springer-Verlag Berlin and Heidelberg GmbH Co. KG, Germany, Taschenbuch, neu, Nachdruck.
Lieferung aus: Deutschland, Versandkostenfrei.
Von Händler/Antiquariat, The Book Depository EURO [60485773], Slough, United Kingdom.
Language: English Brand New Book ***** Print on Demand *****.Pensionomics puts forward a portfolio perspective on the combination of funded and unfunded pension arrangements. In a second-best type argument it is formally shown that a Pay-As-You-Go pension system can substitute the tradability of human capital. While this ideal form of diversification can not be implemented due to the imperfection of capital markets, one can design a typical Pay-As-You-Go system in such a way that it allows for the same intertemporal consumption allocations as the first-best solution.
Von Händler/Antiquariat, The Book Depository EURO [60485773], Slough, United Kingdom.
Language: English Brand New Book ***** Print on Demand *****.Pensionomics puts forward a portfolio perspective on the combination of funded and unfunded pension arrangements. In a second-best type argument it is formally shown that a Pay-As-You-Go pension system can substitute the tradability of human capital. While this ideal form of diversification can not be implemented due to the imperfection of capital markets, one can design a typical Pay-As-You-Go system in such a way that it allows for the same intertemporal consumption allocations as the first-best solution.
4
Pensionomics (2006)
DE PB NW RPISBN: 9783540325970 bzw. 3540325972, in Deutsch, Springer Apr 2006, Taschenbuch, neu, Nachdruck.
Von Händler/Antiquariat, AHA-BUCH GmbH [51283250], Einbeck, Germany.
This item is printed on demand - Print on Demand Titel. - Pensionomics puts forward a portfolio perspective on the combination of funded and unfunded pension arrangements. In a second-best type argument it is formally shown that a Pay-As-You-Go pension system can substitute the tradability of human capital. While this ideal form of diversification can not be implemented due to the imperfection of capital markets, one can design a typical Pay-As-You-Go system in such a way that it allows for the same intertemporal consumption allocations as the first-best solution.Pensionomics puts forward a portfolio perspective on the combination of funded and unfunded pension arrangements. In a second-best type argument it is formally shown that a Pay-As-You-Go pension system can substitute the tradability of human capital: if risk-averse investors were able to directly invest into the present value of future labour income, they would allocate their pension portfolios in both human and physical capital. While this ideal form of diversification can not be implemented due to the imperfection of capital markets, one can design a typical Pay-As-You-Go system in such a way that it allows for the same intertemporal consumption allocations as the first-best solution. This replication works regardless of the demographic development.Therefore, PAYGO should play a key role in optimising the risk-return combinations for old-age savings. Still, not all types of risk can be mitigated and macroeconomic endowment risk remains undiversifiable in any pension portfolio, even if it includes PAYGO elements. 332 pp. Englisch.
This item is printed on demand - Print on Demand Titel. - Pensionomics puts forward a portfolio perspective on the combination of funded and unfunded pension arrangements. In a second-best type argument it is formally shown that a Pay-As-You-Go pension system can substitute the tradability of human capital. While this ideal form of diversification can not be implemented due to the imperfection of capital markets, one can design a typical Pay-As-You-Go system in such a way that it allows for the same intertemporal consumption allocations as the first-best solution.Pensionomics puts forward a portfolio perspective on the combination of funded and unfunded pension arrangements. In a second-best type argument it is formally shown that a Pay-As-You-Go pension system can substitute the tradability of human capital: if risk-averse investors were able to directly invest into the present value of future labour income, they would allocate their pension portfolios in both human and physical capital. While this ideal form of diversification can not be implemented due to the imperfection of capital markets, one can design a typical Pay-As-You-Go system in such a way that it allows for the same intertemporal consumption allocations as the first-best solution. This replication works regardless of the demographic development.Therefore, PAYGO should play a key role in optimising the risk-return combinations for old-age savings. Still, not all types of risk can be mitigated and macroeconomic endowment risk remains undiversifiable in any pension portfolio, even if it includes PAYGO elements. 332 pp. Englisch.
5
Pensionomics: On the Role of PAYGO in Pension Portfolios (Lecture Notes in Economics and Mathematical Systems) (2009)
EN PB NWISBN: 9783540325970 bzw. 3540325972, in Englisch, 330 Seiten, 2006. Ausgabe, Springer, Taschenbuch, neu.
Neu ab: EUR 106,76 (6 Angebote)
Gebraucht ab: EUR 40,00 (6 Angebote)
Zu den weiteren 12 Angeboten bei Amazon.de (Int.)
Lieferung aus: Deutschland, Versandfertig in 1 - 2 Werktagen.
Von Händler/Antiquariat, D B S.
Taschenbuch, Ausgabe: 2006, Label: Springer, Springer, Produktgruppe: Book, Publiziert: 2009-02-22, Studio: Springer.
Von Händler/Antiquariat, D B S.
Taschenbuch, Ausgabe: 2006, Label: Springer, Springer, Produktgruppe: Book, Publiziert: 2009-02-22, Studio: Springer.
Lade…