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This paper considers the prospects for adding choice of portfolio composition to a life cycle model of retirement and saving, while preserving the ability of the model to continue to explain the course of saving and retirement. If eventually successful, such a modification might be used to...
Persistent link: https://www.econbiz.de/10014220205
of return to the member’s accumulated pension savings, and a percentage of the potential positive return of the benchmark … index. The SP will enable pension members to increase the potential return on their accumulated savings without exposure to … from the sale of the SP to pension members, and its members, who want to ensure their pension savings against declines in …
Persistent link: https://www.econbiz.de/10013295214
of return to the member’s accumulated pension savings, and a percentage of the potential positive return of the benchmark … index.The SP will enable pension members to increase the potential return on their accumulated savings without exposure to … from the sale of the SP to pension members, and its members, who want to ensure their pension savings against declines in …
Persistent link: https://www.econbiz.de/10013403647
We exploit an exogenous, universal increase in discount rates mandated by the Moving Ahead for Progress Act (MAP-21) to identify the impact of pension overhang on investment. We find that firms with large unfunded pension liabilities increase investment by 13% after the MAP-21 induced decrease...
Persistent link: https://www.econbiz.de/10012838813
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
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/10013058218
This paper investigates the impacts of defined-benefit (DB) pension plans on the corporate investment choices between diversifying and non-diversifying investments. We find a firm’s DB plan coverage is negatively associated with its propensity of making a major investment. Subject to a major...
Persistent link: https://www.econbiz.de/10011615634
Purpose: This study verifies whether the personal psychological factor of power distance disposition is perceived as conformity or obedience to the parties, triggers unethical pro-organisational behaviour (UPB) and is reinforced by hierarchy and market cultures. Design/methodology/approach:...
Persistent link: https://www.econbiz.de/10014527086
Persistent link: https://www.econbiz.de/10015057206
privatization effects on savings in Eastern Europe, with limited evidence of positive savings effects in Latin America. These …
Persistent link: https://www.econbiz.de/10011536201