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- W2024442010 abstract "The article presents a method for calculating the cross-section internal rate of return on contributions to pension systems financed according to the pay-as-you-go principle. The method entails a procedure for valuing the contribution flow of pay-as-you-go financing, and identifies the complete set of factors that determine the cross-section internal rate of return. The procedure makes it possible to apply the algorithm of double-entry bookkeeping in analyzing and presenting the financial position and development of pay-as-you-go pension systems." @default.
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- W2024442010 title "The rate of return of pay-as-you-go pension systems: a more exact consumption-loan model of interest" @default.
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- W2024442010 doi "https://doi.org/10.1017/s1474747205002064" @default.
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