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The role of fear in home-biased decision making: first insights from neuroeconomics
Kenning, Peter; Mohr, Peter; Erk, Susanne; Walter, Henrik; … - Volkswirtschaftliche Fakultät, … - 2006
We used functional magnetic resonance imaging (“fMRI”) to investigate the neural mechanisms underlying home–biased, financial decision-making. Twenty-eight subjects were instructed to make binary investment decisions between a foreign and a domestic mutual fund. Differential brain activity...
Persistent link: https://www.econbiz.de/10005620188
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Steuervorteile durch Versorgungszusagen in Arbeitsverträgen
Brassat, Marcel; Kiesewetter, Dirk - Volkswirtschaftliche Fakultät, … - 2003
assumptions and the structure of the calculus are presented. Section 3 is devoted to individual retirement savings out of taxed …
Persistent link: https://www.econbiz.de/10008753077
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Should the Indonesian pension funds invest abroad?
Kariastanto, Bayu - Volkswirtschaftliche Fakultät, … - 2011
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
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Asset Allocation for Government Pension Funds in Pakistan:A Case for International Diversification
Rehman, Fahd - Volkswirtschaftliche Fakultät, … - 2010
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
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Pension savings and economic growth
De Koning, Kees - Volkswirtschaftliche Fakultät, … - 2012
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
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Il Pay-as-You-Go in Europa attraverso i Programmi di Stabilità. Le risorse che gli attivi/occupati dovranno mettere a disposizione per finanziare il welfare
SALERNO, Nicola Carmine - Volkswirtschaftliche Fakultät, … - 2013
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
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A Gradual Exit may Not Make for a Happier Retirement?
Calvo, Esteban; Haverstick, Kelly; Sass, Steven - Volkswirtschaftliche Fakultät, … - 2007
This study explores the factors that affect an individual’s happiness while transitioning into retirement. Recent … studies highlight gradual retirement as an attractive option to older workers as they approach full retirement. However, it is … not clear whether phasing or cold turkey makes for a happier retirement. Using longitudinal data from the Health and …
Persistent link: https://www.econbiz.de/10011267891
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Evaluating the possible impact of pension reforms on future living standards in Europe
Grech, Aaron George - Volkswirtschaftliche Fakultät, … - 2012
just those at the point of retirement, this approach can provide additional insights on the efficacy of pension systems in … individuals above the 60% relative poverty threshold throughout retirement. Our simulations suggest that the gradual negative … lengthening of the time spent in receipt of retirement benefits. The consumption smoothing function of state pensions has declined …
Persistent link: https://www.econbiz.de/10011259058
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Ageing, government budgets, retirement, and growth
Gonzalez-Eiras, Martin; Niepelt, Dirk - Volkswirtschaftliche Fakultät, … - 2012
deepening, and indirect effects, working through changes of taxes, government spending components and the retirement age in …. The closed-form solutions of the model predict taxation and the retirement age in OECD economies to increase in response … to demographic ageing and per-capita growth to accelerate. If the retirement age were held constant, the growth rate in …
Persistent link: https://www.econbiz.de/10011259148
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Pension reform sustainability in the EU: a pension wealth-based framework
Grech, Aaron George - Volkswirtschaftliche Fakultät, … - 2013
Most assessments of pension sustainability focus on the projected fall in spending. However interest in the impact on adequacy, usually measured by replacement rates, is increasing. In this paper we show that replacement rates have significant defects, related to being point-in-time indicators...
Persistent link: https://www.econbiz.de/10011259498