17 citations · 25 across the 6 of their papers we have counts for
Showing q-fin.MFShow all
2 papers · 1 filter
q-fin.MF2026
Optimal investment and Pension policy in Pay-As-You-Go systems under forward utility and ageing population
Jennifer Alonso-Garcia, Caroline Hillairet, Sarah Kaakai +1
This paper investigates optimal investment and pension policies in a Pay-As-You-Go (PAYG) system supplemented by a buffer fund used as an intergenerational risk-sharing mechanism.…
q-fin.MF2022★ 2 cited
Time-consistent pension policy with minimum guarantee and sustainability constraint
Caroline Hillairet, Sarah Kaakai, Mohamed Mrad
This paper proposes and investigates an optimal pair investment/pension policy for a pay-as-you-go (PAYG) pension scheme. The social planner can invest in a buffer fund in order to…