changes in the risk and term structures of interest rates. The impacts of these variables on equity REIT returns is around 60 … risky than stocks generally, but does not offer a superior risk-adjusted return and is not a hedge against unexpected …

options in defined contribution retirement plans. We document large differences in realized TDF returns and risk profiles … reflects optimal risk-taking by fund families with low market share, especially those entering the market after 2006. Using … plan-level data, we find little evidence that 401(k) plan sponsors match the risk profile of the TDFs in their plans to the …

studies conducted in eleven countries to explore liquidity risk transmission. Among the main results is, first, that … explanatory power of the empirical model is higher for domestic lending than for international lending. Second, how liquidity risk … management across global banks can be important for liquidity risk transmission into lending. Fourth, there is substantial …

In this paper, we empirically assess the causal links between trade and individual income risk and study the role that … human capital plays in this relationship using a rich, worker-level, longitudinal data set from Germany spanning 1976 to … 2012. Our estimates suggest substantial heterogeneity in labor income risk across workers in different entry cohorts and …

. In the process we integrate a Conditional Value at Risk (CVaR) restriction on overall plan costs into the pension manager …

risk. This study develops the concept of "political risk" as the possibility that some future legislature will be forced to … and macroeconomic variables that support it. Thus there is a "political risk" to participants that might be compared to … the "market risk" in a personal accounts retirement scheme. In this paper, we carry out a detailed quantitative analysis …