{"product_id":"9783540779711","title":"Pension Systems, Demographic Change, and the Stock Market","description":"\u003cp\u003eDue to the accelerating demographic change of the population the reform of the existing pension systems constitutes one of the greatest political challenges in most European countries. \u003c\/p\u003e\n\u003cp\u003eA theoretical discussion of different pension reforms must incorporate not only the demographic aspect but also the role of financial market risk and the impact on production and employment. \u003c\/p\u003e\n\u003cp\u003eThese notes develop a dynamic macroeconomic model which incorporates these aspects within a flexible theoretical framework. The proposed approach provides a large scale population model and features a sound description of the production side as well as of the financial side of the economy and their interactions with the pension system. \u003c\/p\u003e\n\u003cp\u003eWithin this framework various adjustment policies of the pension system are studied under different population scenarios. The consequences for the economy and the welfare of consumers are analyzed and compared.\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003ePublication Year: \u003c\/strong\u003e2008\u003cbr\u003e\u003cstrong\u003eImprint: \u003c\/strong\u003eSpringer Berlin Heidelberg\u003cbr\u003e\u003cstrong\u003e\u003c\/strong\u003eFormat: P\u003cbr\u003e\u003cstrong\u003e\u003c\/strong\u003eWeight (Gram): 302\u003cbr\u003e\u003cstrong\u003e\u003c\/strong\u003e\u003cbr\u003e\u003cstrong\u003e\u003c\/strong\u003e\u003cbr\u003e\u003cstrong\u003e\u003c\/strong\u003e\u003cbr\u003e\u003cstrong\u003e\u003c\/strong\u003e\u003cbr\u003e\u003cstrong\u003e\u003c\/strong\u003e\u003cbr\u003e\u003cstrong\u003e\u003c\/strong\u003e\u003c\/p\u003e","brand":"Marten Hillebrand","offers":[{"title":"Default Title","offer_id":41278870356146,"sku":"9783540779711","price":2213774.2,"currency_code":"IDR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0502\/5382\/4178\/products\/354077971X.01_SCLZZZZZZZ.jpg?v=1636248195","url":"https:\/\/readabook.store\/en-id\/products\/9783540779711","provider":"READABOOK BY ALKEM","version":"1.0","type":"link"}