NDC v. FDC: Pros, Cons and Replication
David P. Blake
City University London - Cass Business School - The Pensions Institute
September 13, 2011
This paper examines the advantages and disadvantages of non-financial defined contribution (NDC) pension plans relative to financial defined contribution (FDC) pension plans. It also shows how an NDC outcome can be replicated in a FDC framework.
Number of Pages in PDF File: 12
Keywords: non-financial defined contribution, financial defined contribution
JEL Classification: J11, J14working papers series
Date posted: December 7, 2011
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