SYSTEM AND PROFITABILITY SUSTAINABILITY
PENSION. SIMPLIFIED ANALYSIS
APPLYING THE THEORY OF COLAS Cover Image

SOSTENIBILIDAD Y RENTABILIDAD DEL SISTEMA DE PENSIONES. UN ANÁLISIS SIMPLIFICADO APLICANDO LA TEORÍA DE COLAS
SYSTEM AND PROFITABILITY SUSTAINABILITY PENSION. SIMPLIFIED ANALYSIS APPLYING THE THEORY OF COLAS

Author(s): Del Brío Carretero Juan, Miryam de la Concepción González Rabanal
Subject(s): Law, Constitution, Jurisprudence
Published by: Editura Bibliotheca
Keywords: Social Security; Pensions; Pay as you go

Summary/Abstract: Determining the return rate of the PAYG system is a topic of great interest,since this value is used as evidence of their financial sustainability in the sense ofSamuelson. Literature is not unanimous either in the methodology or results. This paperpresents a new method based on the queuing theory that provides an overall value of thesystem. The results are consistent with the financial strength shown by the system, whichhas provided its surpluses to Reserve Fund.

  • Issue Year: 2016
  • Issue No: 3 (32)
  • Page Range: 42-60
  • Page Count: 19
  • Language: Spanish
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