A Savings plan with targeted contributions
<?xml version="1.0" encoding="UTF-8" standalone="no"?> <rdf:RDF xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"> <rdf:Description> <dc:date>2013-12-02</dc:date> <dc:description xml:lang="es">Sumario: We consider a simple savings problem where contributions are made to a fund and invested to meet a future liability. The conventional approach is to estimate future investment return and calculate a fixed contribution to be paid regularly by the saver. We propose a flexible plan where contributions are systematically adjusted and targeted. We show by means of stochastic simulations that this plan has a reduced risk of a shortfall and is relatively insensitive to errors in the planner's estimate of future returns. Sensitivity analyses in terms of parameter values, stochastic return models and investment horizons are also performed.</dc:description> <dc:identifier>https://documentacion.fundacionmapfre.org/documentacion/publico/es/bib/record.do?id=145876</dc:identifier> <dc:language>spa</dc:language> <dc:rights xml:lang="es">In Copyright (InC) - http://rightsstatements.org/vocab/InC/1.0/</dc:rights> <dc:type xml:lang="es">Artículos y capítulos</dc:type> <dc:title xml:lang="es">A Savings plan with targeted contributions</dc:title> <dc:relation xml:lang="es">En: The Journal of risk and insurance. - Nueva York : The American Risk and Insurance Association, 1964- = ISSN 0022-4367. - 02/12/2013 Volumen 80 Número 4 - diciembre 2013 </dc:relation> </rdf:Description> </rdf:RDF>