Autori
Angrisani, MassimoDi Palo, CinziaFava, PierluigiTitolo
Application of the logical sustainability theory to the swedish pension system. logical sustainability indicator and balance ratio, two indicators in comparisonPeriodico
Annali del Dipartimento di metodi e modelli per l'economia, il territorio e la finanzaAnno:
2021 - Volume:
22 - Pagina iniziale:
1 - Pagina finale:
26Our study focuses on the application of the Logical Sustainability Theory
(LST) to the Swedish Pension System, which is a Notional Defined Contribution
pension scheme with an automatic balance mechanism that should be able to restore
its long-run balance. In our opinion, this mechanism does not ensure the sustainability
in a logical-mathematical key. Vice-versa, the LST does it in a logical-mathematical
key by means of the Logical Sustainability Indicator (LSI). Indeed, the LST,
introduced in Angrisani (2006, 2008) up to Angrisani and Di Palo (2019), is a Theory
completely developed for defined contribution pension systems with a funded
component. Assumed the Swedish Pension System “adjusted” to the LST hypotheses,
the LST basic Beta Indicator, which provides the level of the “unfunded pension
liability” in relation to wages, has been calculated. Applying the rule on the rate of
return on the pension liability that stabilizes this Indicator, a Sufficient Condition for
the sustainability of the pension system with a constant contribution rate is introduced
and applied to the Swedish Pension System. Data are provided by the Swedish Pension
System Annual Report for year 2017. The comparison between the LSI and the
Swedish Balance Ratio is also carried out
SICI: 2385-0825(2021)22<1:AOTLST>2.0.ZU;2-
Testo completo:
https://web.uniroma1.it/memotef/sites/default/files/Angrisani_DiPalo_Fava_onlinefirst_2021.pdfEsportazione dati in Refworks (solo per utenti abilitati)
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