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The unfunded PAYG pension system in the context of population ageing: How to ensure its financial sustainability. The role of fertility, human capital, and immigration

Carnal, Yoann (2020)
Pro gradu -tutkielma

This thesis deals with the sustainability of unfunded public pension systems in the context of population ageing. The objective of our paper is first to provide the theoretical basis for the pay-as-you-go (PAYG) mechanism, ...