Automatic balance mechanisms for notional defined contribution pension systems guaranteeing social adequacy and financial sustainability: an application to the Italian pension system (Q2241089)
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| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Automatic balance mechanisms for notional defined contribution pension systems guaranteeing social adequacy and financial sustainability: an application to the Italian pension system |
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Automatic balance mechanisms for notional defined contribution pension systems guaranteeing social adequacy and financial sustainability: an application to the Italian pension system (English)
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8 November 2021
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The authors have developed a nonlinear optimization model for the Italian notional defined contribution system based on three control variables: pensions indexation, notional rate and contribution rate. The objective function considers both social adequacy and contribution rate sustainability, under liquidity and sustainability constraints.
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notional defined contribution pension systems
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automatic balance mechanisms
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social adequacy
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financial sustainability
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optimization
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