This paper assesses the impact of different quantitative approaches to regulate investment risk on the retirement … downside risk, which will increase the range of investment policies available and thus the share of riskier assets … investment policies available and, through this channel, how they affect the retirement income that an individual may expect from …

This paper assesses the relative performance of different investment strategies for different structures of the payout … phase. In particular, it looks at whether the specific glide-path of life-cycle investment strategies and the introduction … of dynamic features in the design of default investment strategies affect significantly retirement income outcomes. The …

In this chapter I argue that as a response to the introduction of capital requirements in the form of risk weights … that the new optimum has a lower risk. The effect of the regulation depends on several things, most importantly the … correlation between individual investments, investor preferences and the relative size of risk weights. …

novel feature is the competition between lenders in their choice of contracts offered. Qualities of investment projects are … not observable by banks and investment decisions of entrepreneurs are not contractible, but output conditional on … investment is. We explain the empirically observed prevalence of debt contracts as an equilibrium phenomenon with competing …