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Browsing Iris by Author "Andersen, Torben M."

Browsing Iris by Author "Andersen, Torben M."

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  • Andersen, Torben M.; Bhattacharya, Joydeep; Gestsson, Marías Halldór (2021-03-02)
    Under dynamic efficiency, a pay-as-you-go (PAYG) pension scheme helps the current generation of retirees but hurts future generations because they are forced to save via a return-dominated scheme. Abandoning it is deemed welfare-improving but typically ...