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 prod...
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| 格式: | 杂志 |
| 语言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
2017.
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| 丛编: | IMF Working Papers; Working Paper ;
No. 2017/098 |
| 在线阅读: | Full text available on IMF |