A switch criterion for defined contribution pension schemes

In this paper we try to find an investment strategy which gives a high probability of reaching a given target amount at retirement. This strategy depends on two moments: the first is the appropriate time to stop investing the contributions into equities and the second is the optimalmoment to convert the fund of these contributions into bonds (noting that the latter may never occur)...

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Year of publication:	2003-09-01
Authors:	Arts, Bas ; Vigna, Elena
Institutions:	Center for Research on Pensions and Welfare Politics <Torino>
Subject:	Versicherungsbetriebslehre \| insurance management \| Versicherungswirtschaft \| Rücklage \| reserves

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Extent:	625664 bytes 31 p. application/pdf
Series:	Center for Research on Pensions and Welfare Politics - Working Papers Working Paper ; 30/03
Type of publication:	Book / Working Paper
Language:	English
Classification:	Management of insurance ; Insurance Industry ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005847263