includes minimum return guarantees (MRG) provisions to limit the risk of financial downturns. This paper studies the …

We investigate risk presentations in retirement savings decisions using a discrete choice experiment where subjects … choose between a bank account, a growth account and a 50:50 account. Using nine standard formats for investment risk, we … analyze responses to risk per se and to format changes. Switching between formats changes individuals' investment decisions …

pension funds to longevity risk. We present different tools to hedge this risk and the potential cost for two Canadian public …

control theory, we use a max-min decision rule to obtain good policy decisions even when the decision maker believes that the …

, reduces estimation risk and adopts a prudent approach to asset allocation. This study is the first to apply it to a real …

difficult problem of selecting the individual's risk aversion coefficient into the easiest task of choosing an appropriate … but not trivial results that the mean-variance inefficiency decreases with the risk aversion of the individual and …

, investment gains and pensions. We focus on the tax effects on risk-taking. It is emphasized that the correct measure of risk … the risk-taking behavior are pension and investment gain taxes. Yet this potential ability concerns DC funds only, and the … effect direction does not seem obvious. Risk-taking stays unchanged when applying taxes on contributions, as these affect the …