Overview
- Includes supplementary material: sn.pub/extras
Part of the book series: Lecture Notes in Economics and Mathematical Systems (LNE, volume 610)
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Table of contents (6 chapters)
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Front Matter
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Introduction
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The Model
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Front Matter
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The Simulation Study
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Front Matter
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Back Matter
Keywords
About this book
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.
Reviews
From the reviews:
"The book … studies the implications of the looming demographic transition on pension systems, the stock market and individual welfare. … Readers with an interest in the economic consequences of the looming demographic transition for pension systems and the stock market will find this book very interesting even if they are not doing active research in this area. … The book is a worthy contribution to the literature on pensions and demographic transitions." (Marc-André Letendre, Canadian Studies in Population, Vol. 36 (1-2), Spring/Summer, 2009)
Authors and Affiliations
Bibliographic Information
Book Title: Pension Systems, Demographic Change, and the Stock Market
Authors: Marten Hillebrand
Series Title: Lecture Notes in Economics and Mathematical Systems
DOI: https://doi.org/10.1007/978-3-540-77972-8
Publisher: Springer Berlin, Heidelberg
eBook Packages: Business and Economics, Economics and Finance (R0)
Copyright Information: Springer-Verlag Berlin Heidelberg 2008
Softcover ISBN: 978-3-540-77971-1Published: 22 February 2008
eBook ISBN: 978-3-540-77972-8Published: 16 October 2008
Series ISSN: 0075-8442
Series E-ISSN: 2196-9957
Edition Number: 1
Number of Pages: X, 178
Topics: Population Economics, Business and Management, general, Finance, general, Macroeconomics/Monetary Economics//Financial Economics, Social Policy