1. The Modigliani-Brumberg Endowment Saving Theory
2. The empirical evidence is at least mixed. See for example Mello;Reitschuler and Cuaresma (2004) and Kotlikoff,2003
3. pension revenues and expenditures in bn PLN 240;Cbo ; ) See;expenditures and revenures in bn. PLN 140,0200
4. Allocating Public and Private Resources across Generations -Riding the;J Alho;On Stochastic Generational Accounting,2006