Long-Run Biological Interest Rate for Pay-As-You-Go Pensions in Advanced and Developing Countries

Long-Run Biological Interest Rate for Pay-As-You-Go Pensions in Advanced and Developing Countries
How much of an internal rate of return would a sustainable pay-as-you-go pension system offer current and future generations equally? The answer is the sum of the Long-Run Biological Interest Rates (LBIR), the real-world equivalent of Samuelson’s (1958) biological interest rate, and future productivity growth. Reflecting global... READ MORE...

Publication date: April 2017
ISBN 9781475595826
$18.00

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