Browsing Working papers by Author "Carlsson, Evert"

Now showing items 1-2 of 2

    • The Bright Side of Shiller-Swaps: a solution to inter-generational risk sharing 

      Erlandzon, Karl; Carlsson, Evert (2006)
      This paper investigates the diversification demand of an agent, who is faced with the alternative to swap aggregate labour-income risk for equity-exposure, through her individual account in a mandatory-pension scheme. The ...

    • The Dark Side of Wage Indexed Pensions 

      Erlandzon, Karl; Carlsson, Evert (2005)
      This paper investigates some welfare effects of forced saving through a mandatory pension scheme. The framework for the analysis is a life-cycle model of a borrowing constrained individual´s consumption and portfolio choice ...