- Feature Paper
- Article
Mixed ABMs for NDC Pension Schemes in the Presence of Demographic and Economic Uncertainty
- Jacopo Giacomelli and
- Massimiliano Menzietti
The crisis of pension systems based on pay-as-you-go (PAYG) financing has led to the introduction in some countries, including Italy, of so-called notional defined contribution (NDC) pension accounts. These systems mimic the functioning of defined co...