# name
The implicit generosity of pay-as-you-go systems. The internal  rate of return, a simulated comparison between Spain and Sweden

# metadata.dc.description[].value
Treballs Finals del Màster de Ciències Actuarials i Financeres, Facultat d'Economia i Empresa, Universitat de Barcelona, Curs: 2022-2023, Tutor: Mercedes Ayuso and Salvador Torra

# metadata.dc.description.abstract[].value
The aim of this paper is to study the disparities in terms of internal rate of return (IRR) between the Spanish pay-as-you-go system and the Swedish notional accounts sys-tem focusing on variables such as wage growth, gender and retirement age. To achieve this, a program has been developed in RStudio to simulate the IRR of both systems for differ-ent profiles. The results obtained provide an in-depth understanding of the relation ship between the IRR and intergenerational inequalities within the pure PAYG systems.

# metadata.dc.source[].value
Màster Oficial - Ciències Actuarials i Financeres (CAF)

# metadata.dc.title[].value
The implicit generosity of pay-as-you-go systems. The internal  rate of return, a simulated comparison between Spain and Sweden