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Annuities are specifically designed to cover the risk that an individual outlives their own resources by transferring … such risk to an insurance undertaking. Despite an increasing need for annuity products (due to increasing longevity …
Persistent link: https://www.econbiz.de/10005011984
success.• Businesses operating in different geographies with ranges of products and services are valuable, to leverage risk … markets and countries.• Geopolitical risk is the highlighted concern in regions with diversity such as Europe, the Middle East …
Persistent link: https://www.econbiz.de/10013233200
CB plans exhibit characteristics of cost efficiency, as in the DB plan, and risk reduction, as in the DC plan, for plan …
Persistent link: https://www.econbiz.de/10013116013
affect risk of poverty for future pensioner populations. The pension landscape in Europe has changed considerably in the past … individuals. The paper includes exploratory projections of how the risk of elderly poverty might evolve in the future. The … countries where the benefit ratio is set to decline significantly, as expected, would see at-risk-poverty rates increase quite …
Persistent link: https://www.econbiz.de/10009201281
The stock market collapse led to political tensions between generations due to the fuzzy definition of the property rights over the pension funds’ wealth. The problem is best resolved by the introduction of generational accounts. Modern consumption and portfolio theory shows that the younger...
Persistent link: https://www.econbiz.de/10011255727
Latin America is enjoying a period of extensive growth. If this trend is to continue into the coming years, the key insufficiencies that could limit total factor productivity will have to be dealt with in order to prevent bottlenecks. One of these insufficiencies is the infrastructure gap. The...
Persistent link: https://www.econbiz.de/10009385744
Latin America is enjoying a period of extensive growth. If this trend is to continue into the coming years, the key insufficiencies that could limit total factor productivity will have to be dealt with in order to prevent bottlenecks. One of these insufficiencies is the infrastructure gap. The...
Persistent link: https://www.econbiz.de/10009385745
The paper analyses participation in and contributions to the third pillar of the pension system by Belgian households. This pillar represents individual saving for retirement and has been growing rapidly. A detailed dataset of tax declarations over the period from 1993 until 2003 was used to...
Persistent link: https://www.econbiz.de/10009357673
This paper investigates the effect of private pensions on the retirement wealth distribution. The model incorporates stochastic private pension coverage into a life- cycle model with stochastic earnings. The predictions of the calibrated model are compared to the distribution of retirement net...
Persistent link: https://www.econbiz.de/10008678224
This paper is part of a broad, applied scientific research, based on popular empirical procedures (such as natural observation). Positivistic and constructive research methodology used was based on the consensual-inductive system (Locke), which is why we studied the different views of...
Persistent link: https://www.econbiz.de/10010685519