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Risk, return and portfolio allocation under alternative pension arrangements with imperfect financial markets
Miles, David; Černý, Aleš - 2001
importance of unfunded, state pensions differs. We estimate how the optimal level of unfunded, state pensions depends on rate of … is rapid and unfunded pensions are currently generous. …
Persistent link: https://www.econbiz.de/10011398101
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Funded and unfunded pension schemes : risk, return and welfare
Miles, David - 2000
pensions and on a particular type of unfunded (PAYG) pension. Surprisingly little is known about the optimal split between … state the importance of PAYG pensions differs. We estimate how the optimal level of unfunded, state pensions depends on rate …
Persistent link: https://www.econbiz.de/10009781509
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Optimal retirement income tontines
Milevsky, Moshe Arye; Salisbury, Thomas S. - In: Insurance / Mathematics & economics 64 (2015), pp. 91-105
Persistent link: https://www.econbiz.de/10011397946
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Social security is NOT a substitute for annuity markets
Caliendo, Frank; Guo, Nick L.; Hosseini, Roozbeh - In: Review of economic dynamics 17 (2014) 4, pp. 739-755
Persistent link: https://www.econbiz.de/10011281434
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Increasing risk aversion : the consequences of crisis exposure for retirement behaviour in Switzerland
Ramsden, Alma; Bütler, Monika - In: Essays in public policy, (pp. 90-121). 2016
Diese Dissertation besteht aus drei Aufsätzen aus den Bereichen Arbeitsmarktökonomie, berufliche Vorsorge und Sozialpolitik, die sich mit den Auswirkungen öffentlicher Gesetzgebung und makroökonomischer Schocks auf individuelle Verhaltensweisen befassen. Der zweite und dritte Aufsatz...
Persistent link: https://www.econbiz.de/10011554108
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Optimal allocation of retirement portfolios
Maritato, Kevin; Lane, Morton; Murphy, Matthew; … - In: Journal of risk and financial management : JRFM 15 (2022) 2, pp. 1-17
may require more annuities, and a short life expectancy could promote more risky investments. However there are very mixed …
Persistent link: https://www.econbiz.de/10013206042
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Survival ambiguity and welfare
Caliendo, Frank; Gorry, Aspen; Slavov, Sita N. - In: Journal of economic behavior & organization : JEBO 170 (2020), pp. 20-42
Persistent link: https://www.econbiz.de/10012285671
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Swimming with wealthy sharks : longevity, volatility andthe value of risk pooling
Milevsky, Moshe Arye - In: Journal of pension economics and finance : JPEF 19 (2020) 2, pp. 217-246
Persistent link: https://www.econbiz.de/10012193716
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Assessing investment and longevity risks within immediate annuities
Bauer, Daniel; Weber, Frederik - 2007
Life annuities provide a guaranteed income for the remainder of the recipient's lifetime, and therefore, annuitization … research articles studying annuities from a pensioner's point of view, thus far there have been few contributions considering … annuities from the provider's perspective. In particular, to date there are no surveys of the general risks within annuity books …
Persistent link: https://www.econbiz.de/10010442180
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Are public and private asset returns and risks the same? : evidence from real estate data
Hoesli, Martin; Oikarinen, Elias - 2013
This article aims to investigate the similarity of public and private real estate returns and risks over the relatively long horizon using data for the U.S and the U.K. The results show evidence of a one-to-one relationship between publicly traded REIT performance and privately traded direct...
Persistent link: https://www.econbiz.de/10010256953