The implicit generosity of pay-as-you-go systems. The internal rate of return, a simulated comparison between Spain and Sweden

Autor:	Neyra Pérez, Andrés Jesús
Přispěvatelé:	Ayuso, Mercedes, Torra Porras, Salvador
Jazyk:	angličtina
Rok vydání:	2023
Předmět:	Rendibilitat Master's theses Creixement econòmic Igualtat retributiva Treballs de fi de màster Pay equity Economic growth Rate of retorn
Popis:	Treballs Finals del Màster de Ciències Actuarials i Financeres, Facultat d'Economia i Empresa, Universitat de Barcelona, Curs: 2022-2023, Tutor: Mercedes Ayuso and Salvador Torra The aim of this paper is to study the disparities in terms of internal rate of return (IRR) between the Spanish pay-as-you-go system and the Swedish notional accounts sys-tem focusing on variables such as wage growth, gender and retirement age. To achieve this, a program has been developed in RStudio to simulate the IRR of both systems for differ-ent profiles. The results obtained provide an in-depth understanding of the relation ship between the IRR and intergenerational inequalities within the pure PAYG systems.
Databáze:	OpenAIRE
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