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These insights, however, mainly concern analyses within one pension system, most frequently the pay-as-you-go DB systems.
This modeling choice is conservative in the sense that DB systems are more fiscally viable if the population stabilizes.
Similar(58)
Higher welfare gains under transition to DC than under the DB system suggest a positive reinforcement between the systemic and retirement age reform.
We show, additionally, that welfare effects after implementing the systemic reform from a DB to a DC system are similar to those under a DB system, although channels of welfare effects differ.
The initial steady state has a DB system.
Nearly 40%% of the locomotive energy usage can be collected from the DB system.
Subsequently, we will assume 1.75 dB system loss, as revealed by fitting both variables.
In the DB system, the ρ parameter is held constant throughout the simulation.
We construct two economies: (i) with a DB system and (ii) in a transition from a DB to a DC system.
We have two types of economies: one with a DB system and one in a transition from a DB to a DC system.
In a relatively small DB system, this is easily done by investigating the semantics of the data.
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