{"product_id":"pension-systems-demographic-change-and-the-stock-market-von-marten-hillebrand","title":"Pension Systems, Demographic Change, and the Stock Market","description":"\n                                \n                \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                                \n                \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                                \n                \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                                \n                \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\n                            \n            \u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783540779711\"\u003e\u003ch3\u003e\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783540779711","offer_id":40590627405917,"sku":"9783540779711","price":53.49,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/4154f04b-856e-4563-8591-65d2e6d6c828.jpg?v=1773467642","url":"https:\/\/shop.autorenwelt.de\/products\/pension-systems-demographic-change-and-the-stock-market-von-marten-hillebrand","provider":"Autorenwelt Shop","version":"1.0","type":"link"}