• Designing Social Security – A Portfolio Choice Approach 

      Matsen, Egil; Thøgersen, Øystein (Working Paper Series, 1503-299X; 2002:11, Research report, 2002)
      Public social security systems may provide diversification of risks to individuals’ life-time income. Capturing that a pay-as-you-go program (paygo) may be considered as a “quasiasset”, we study the optimal size of the ...
    • Financial Integration and Consumption Comovements in the Nordic Countries 

      Matsen, Egil; Thøgersen, Øystein (Working Paper Series, 1503-299X; 2002:15, Research report, 2002)
      The cross-country correlations between annual per capita consumption growth in the Nordic countries (Denmark, Finland, Norway and Sweden) during the period 1973-1996 are much lower than predicted by the basic theory of ...