Jukka Lassila

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Pension prefunding can be used to smoothe contribution rates in economies where ageing will increase pension expenditure. But how extensive should prefunding be, in a defined benefit pension system, when there is considerable uncertainty concerning future mortality, fertility, and migration? We study the prefunding rules in the Finnish earnings-related(More)
This paper focuses on the regulation of electricity distribution business. First, regulation principles of natural monopolies are discussed in general level. Second, different methods used to regulate the electricity distribution business in some European countries are introduced. Third, regulatory models used in Finland, Norway and Sweden are discussed in(More)
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