Law & Health Weekly
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Financial Research
Reports from University of Freiburg describe recent advances in financial research
August 18th, 2007
"We address the question of how the generosity of the German public pension systems' benefit rule has changed during the past three decades. In order to do so, we firstly outline the social security reforms of the past 50 years," investigators in Freiburg, Germany report. "Then, we illustrate political risk by measuring the volatility of social security wealth induced by the legislative benefit rule changes. Our results show that the standard deviation resulting in the scenarios and cohorts considered is well over 10%," wrote C. Borgmann and colleagues, University of Freiburg. The researchers concluded: "Furthermore, it turns out that the gross...
Source: Law & Health Weekly (2007-08-18)
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