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Currently, the Indonesian pension fund is prohibited from investing in international assets. In this paper, I quantitatively investigate the benefit and/or the cost, if any, caused by this constraint. Standard mean-variance techniques will be used along with Monte Carlo simulation to check the...
Persistent link: https://www.econbiz.de/10009322621
Reforms have begun in Pakistan to sustain the funded pension scheme for government-operated pension schemes such as the Employees Old Age Benefit Institution (EOBI). Presently, the EOBI operates its own fund and invests most of its assets in government-backed securities which are basically...
Persistent link: https://www.econbiz.de/10008646811
Savers, including pension savers, convert savings into assets: homes,government bonds and shares.The conversion of savings is for the very long term. Once monies are turned into assets, the reverse process of turning assets into cash cannot be achieved by all savers together. Unavoidably some...
Persistent link: https://www.econbiz.de/10011111570
Mid-long term projections of the Stability Programs (SP) are elaborated to simulate the burden each active citizen or each worker will have to bear for financing, via pay-as-you-go, public health care provisions and public pensions. It is worth mentioning that projections in the (SP) are those...
Persistent link: https://www.econbiz.de/10011112866
Abstract: I apply the Beveridge-Nelson business cycle decomposition method to the time series of murder in the United States (1900-2004). Separating out “permanent” from “cyclical” murder, I hypothesize that the cyclical part coincides with documented waves of organized crime, internal...
Persistent link: https://www.econbiz.de/10005835859
Tax incentives have traditionally been used as a tool by public policy makers in order to correct or reduce market failures. However, there is a widespread debate, in the international literature, about whether they can or not reaching this goal. In this paper, we propose a methodology to assess...
Persistent link: https://www.econbiz.de/10005836007
reorientation of public debt financing policy in Colombia since the Constitution of 1991 was implemented, developing a theoretical …
Persistent link: https://www.econbiz.de/10011258448
This article proposes a reading of the armed conflict from an evolutionary design that takes into account the concept of private protection agencies in the works of Schelling / Nozick / Gambetta. Their aim is to assess the dynamics of conflict and changes from its author's scientific output. A...
Persistent link: https://www.econbiz.de/10011258671
Colombia is a middle-income country but with a human development constantly threatened by insecurity. This paper … EADS-CASA in Colombia. Compare Malaysia, the Colombian case exemplifies how offset might be an instrument of development …, these agreements can be a good example. The offset agreements executed in Colombia are assessed with high marks in relevance …
Persistent link: https://www.econbiz.de/10011259271
This paper proposes a reading of the armed conflict from an evolutionary design that takes into account the Logic of Violence in the Civil War. Their aim is to assess the dynamics of conflict and changes from its author's scientific output. A context of conflicts that includes new expressions of...
Persistent link: https://www.econbiz.de/10008873551