English, Article, Journal or magazine article edition: Robustness to Stochastic Shocks of Alternative Old-Age Pension Arrangements: Macroeconomic Stability. T.Y. Ermolieva; F.L. MacKellar; A. Westlund

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/139034
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Robustness to Stochastic Shocks of Alternative Old-Age Pension Arrangements: Macroeconomic Stability.
Author
  • T.Y. Ermolieva
  • F.L. MacKellar
  • A. Westlund
Physical Description
  • preprint
Notes
  • The robustness analysis presented in this paper is a part of the work done to develop and verify the properties of a stochastic macroeconomic-demographic growth model focused on social security (MacKellar and Ermolieva 1999). The first set of experiments on robustness has been reported by Westlund et al. (1999). Here we study the sensitivity of model solutions with respect to structural changes in exogenous variables and time varying structural interactions. The parameters varied are the productivity of capital and labor force participation rates. The sensitivity analysis focuses on three macroeconomic indices of the stability of the old-age support system: current balance and assets of the private, defined-contribution, fully-funded pension system and balance of the public, defined-benefit, Pay As You Go (PAYG) pension system. Robustness at the microeconomic level, construed as the stability of pensioners' and workers' after-tax income, is the subject of another paper in this series.
  • RePEc:wop:iasawp:ir99024
Language
  • English
Contributed by
OAIster

Get this edition

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment