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The Value and risk of defined contribution pension schemes : international evidence

Recurso electrónico / electronic resource
Registro MARC
Tag12Valor
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001  MAP20130012988
003  MAP
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040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎345
1001 ‎$0‎MAPA20130005140‎$a‎Cannon, Edmund
24514‎$a‎The Value and risk of defined contribution pension schemes‎$b‎: international evidence‎$c‎Edmund Cannon, Ian Tonks
520  ‎$a‎We use historical data on investment returns and labor income from 16 countries to quantify the value and risk of defined contribution pension plans, building frequency distributions of pension fund and pension replacement ratios for each country.We show that pension risk is substantial and find that pension fund ratios are lower and less variable than when the correlation between wage growth and investment returns is ignored, typically halving the median pension fund ratio. We also show that an all-equity fund is the dominant investment strategy across all countries, although sometimes a life-cycle strategy insures against downside risk
650 4‎$0‎MAPA20080591021‎$a‎Fondos de pensiones
650 4‎$0‎MAPA20080558970‎$a‎Inversiones
650 4‎$0‎MAPA20080592455‎$a‎Planes de pensiones
7001 ‎$0‎MAPA20130010915‎$a‎Tonks, Ian
7730 ‎$w‎MAP20077000727‎$t‎The Journal of risk and insurance‎$d‎Nueva York : The American Risk and Insurance Association, 1964-‎$x‎0022-4367‎$g‎04/03/2013 Volumen 80 Número 1 - marzo 2013 , p. 95-119