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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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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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Pension Plans and Retirement Replacements Rates in the Netherlands
van Duijn, Mark - 2010
This study examines the expected retirement replacement rates of several cohorts of Dutch employees at the time of their planned retirements. It also imputes the actual replacement rates based on available pension records. We find that using reasonable indexation rates, the expected replacement...
Persistent link: https://www.econbiz.de/10013142141
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Savings Adequacy Uncertainty : Driver or Obstacle to Increase Pension Contributions
van Schie, Ron - 2011
the impact of uncertainty about one's savings adequacy on retirement savings contributions and information search. We … retirement savings contributions. Accordingly, our results show that the effect of uncertainty is moderated by two factors: an … individual's perceived adequacy of current savings and financial constraints. In particular, we find that uncertainty triggers …
Persistent link: https://www.econbiz.de/10013117238
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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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Individuals’ Uncertainty about Future Social Security Benefits and Portfolio Choice
Rohwedder, Susann - 2010
Little is known about the degree to which individuals are uncertain about their future Social Security benefits, how this varies within the U.S. population, and whether this uncertainty influences financial decisions related to retirement planning. To illuminate these issues, we present...
Persistent link: https://www.econbiz.de/10013136091
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How Individuals React to Defined Benefit Pension Risk
Salamanca, Nicolas - 2013
We develop a measure of (hybrid) defined benefit (DB) pension risk and show how this pension risk affects individual portfolio decisions. We find that people in riskier DB plans are, on average, not only less likely to hold equity but also hold a smaller share of their wealth in equity. This...
Persistent link: https://www.econbiz.de/10013073610
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Financial Literacy, Retirement Preparation and Pension Expectations in the Netherlands
Alessie, Rob J. M. - 2011
We present new evidence on financial literacy and retirement preparation in the Netherlands based on two surveys conducted before and after the onset of the financial crisis. We document that while financial knowledge did not increase from 2005 to 2010, significantly more individuals planned for...
Persistent link: https://www.econbiz.de/10013126996
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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