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Guaranteeing Benefits in Generational Pension Plans
Huang, Xiaohong - 2011
In this paper we analyze the possibilities of intergenerational risk sharing in a generational DB pension fund. In a generational pension plan each generation has their own pension scheme and is subject to discretionary investment, indexation and contribution policies, thereby losing...
Persistent link: https://www.econbiz.de/10013132533
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Generational Pension Plan Designs
Huang, Xiaohong - 2010
We propose a generational plan for the occupational pension provision in which people from the same generation are pooled in a generational fund. Each fund can set its own policies independently. This plan provides the benefits of differentiation missing in the prevailing collective plan and the...
Persistent link: https://www.econbiz.de/10013135360
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Pricing Risk in Corporate Pension Plans : Understanding the Real Pension Deal
Hoevenaars, Roy P. M. M. - 2012
New accounting rules and increased scarcity of risk capital have led to growing pressure on corporations to shift pension plan risk from employers to participants. This implies a shift from Defined Benefit (DB) plans to a variety of collective and individual Defined Contributions (DC) plans....
Persistent link: https://www.econbiz.de/10013116628
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Optimal Degree of Funding of Public Sector Pension Plans
Meijdam, A. C. - 2013
This paper explores the optimal degree of funding of public sector pension plans. It is assumed that a benevolent social planner decides on the contribution of current taxpayers to the funding of public sector pensions next period, weighing the interests of current and future tax payers. Two...
Persistent link: https://www.econbiz.de/10013087145
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Life-Cycle Patterns in the Design and Adoption of Default Funds in DC Pension Plans
Inkmann, Joachim - 2016
We argue that we should see a negative relationship between the share of risky assets in the default fund of a defined contribution (DC) pension plan and the average plan member age if trustees design the default fund in line with predictions from the life-cycle portfolio choice theory. Adoption...
Persistent link: https://www.econbiz.de/10013002222
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Do Pension Plans Strategically Use Regulatory Freedom?
Kisser, Michael - 2016
We use a historical experiment to test whether U.S. corporate defined benefit pension plans strategically use regulatory freedom to lower the reported value of pension liabilities, and hence required cash contributions. For some years, pension plans were required to estimate two liabilities -...
Persistent link: https://www.econbiz.de/10013003873
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Pension Regulation and Investment Performance : Rule-Based vs. Risk-Based
Boon, Ling-Ni - 2014
We investigate the relationship between rule-based versus risk-based regulatory choices in different countries and the real investment performance of their pension funds. Pension systems in countries with more mature risk-based regulatory regimes tend to demonstrate superior investment...
Persistent link: https://www.econbiz.de/10013056471
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The Crowding-Out Effect of Mandatory Labour Market Pension Schemes on Private Savings : Evidence from Renters in Denmark
Arnberg, Soren; Barslund, Mikkel - 2013
total household savings for renters. The effect is identified via a large panel of individual administrative records …. We find little substitutability between current mandatory labour market pension savings and private voluntary savings …. Each euro paid into mandatory labour market pension accounts results in a reduction in private savings of approximately 0 …
Persistent link: https://www.econbiz.de/10014151619
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Financial Literacy and Pension Plan Participation in Italy
Fornero, Elsa - 2011
By requiring individuals to decide whether to participate in (newly established) pension funds, how much to contribute and how to invest their retirement wealth, pension reforms have raised concerns about the ability of households to deal with financial decisions. Using the Bank of Italy's...
Persistent link: https://www.econbiz.de/10013127003
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Investor Inattention : A Hidden Cost of Choice in Pension Plans?
Dahlquist, Magnus - 2011
We investigate inattention on the part of pension plan participants using a novel dataset covering savings in Sweden …
Persistent link: https://www.econbiz.de/10013132013