Modeling Pension Systems
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Modeling Pension Systems
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Author : A. Simonovits
language : en
Publisher: Springer
Release Date : 2003-09-30
Modeling Pension Systems written by A. Simonovits and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-09-30 with Business & Economics categories.
The issue of unfunded public pension systems have moved to the centre of public debate all over the world. Unfortunately, a large part of the discussions have remained on a qualitative level. This book seeks to address this by providing detailed knowledge on modelling pension systems.
Modelling Pension Fund Investment Behaviour Routledge Revivals
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Author : David Blake
language : en
Publisher: Routledge
Release Date : 2014-08-01
Modelling Pension Fund Investment Behaviour Routledge Revivals written by David Blake and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-08-01 with Business & Economics categories.
First published in 1992, this title conducts an in-depth examination of the investment behaviour of pension funds, presenting the first econometric model in this area. Using the well-established framework of modern portfolio theory, David Blake derives a model of optimal portfolio behaviour that explains pension fund asset holdings in terms of the most important macroeconomic and cyclical indicators. He shows how factors such as industry profitability, the balance of payments and the monetary and fiscal policies of the government influence pension fund investments. Broad in scope, this reissue will be of particular value to students and academics with an interest in econometrics, investment analysis and the pension fund industry.
Modelling Pension Systems
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Author : A. Simonovits
language : en
Publisher: Springer
Release Date : 2003-11-24
Modelling Pension Systems written by A. Simonovits and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-11-24 with Business & Economics categories.
The issue of unfunded public pension systems has moved to the centre of public debate all over the world. Unfortunately, a large part of the discussions have remained on a qualitative level. This book seeks to address this by providing detailed knowledge on modelling pension systems.
Pension Fund Risk Management
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Author : Marco Micocci
language : en
Publisher: CRC Press
Release Date : 2010-01-25
Pension Fund Risk Management written by Marco Micocci and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-01-25 with Business & Economics categories.
As pension fund systems decrease and dependency ratios increase, risk management is becoming more complex in public and private pension plans. Pension Fund Risk Management: Financial and Actuarial Modeling sheds new light on the current state of pension fund risk management and provides new technical tools for addressing pension risk from an integr
Modelling Pension Systems
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Author : András Simonovits
language : en
Publisher:
Release Date : 2003
Modelling Pension Systems written by András Simonovits and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with categories.
Modeling Pension Systems
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Author : Andrus Simonovits
language : en
Publisher: Palgrave Macmillan
Release Date : 2004-03-04
Modeling Pension Systems written by Andrus Simonovits and has been published by Palgrave Macmillan this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-03-04 with Business & Economics categories.
The issue of unfunded public pension systems has moved to the center of public debate all over the world. Unfortunately, a large part of the discussions have remained on a qualitative level. This book seeks to address this by providing detailed knowledge on modeling pension systems.
Pensions Panorama Retirement Income Systems In 53 Countries
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Author : Whitehouse Edward
language : en
Publisher: OECD Publishing
Release Date : 2007-02-13
Pensions Panorama Retirement Income Systems In 53 Countries written by Whitehouse Edward and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-02-13 with categories.
Reforming pensions in a fiscally and socially sustainable way is a central issue in developing and developed countries alike. This report, produced in collaboration by the OECD and the World Bank, addresses some of the key questions underlying the ...
New Policies For Mandatory Defined Contribution Pensions
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Author : Gregorio Impavido
language : en
Publisher: World Bank Publications
Release Date : 2010-06-04
New Policies For Mandatory Defined Contribution Pensions written by Gregorio Impavido and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-06-04 with Business & Economics categories.
Mandatory defined contribution pension markets are present in a growing number of countries around the world. But despite their popularity, policymakers continue to struggle with two key policy concerns. On the one hand, a number of design shortcomings encourages pension firms to charge high administrative fees. On the other hand, the global crisis that started in 2007 has reignited the debate on whether pension participants bear excessive investment risk. Both are valid policy concerns as their incidence can imply higher than expected levels of poverty among old age individuals. Both concerns have the same root problem---the limited capacity of individuals to choose what is best for them. This, in turn, stems from a combination of inadequate financial education, bounded rationality and the use of simplistic 'rules of thumb' that produce systematic biases in the decision making process of individuals. While improving financial education is an obvious avenue to pursue, this book is more concerned with design features that can exploit these systematic biases to protect consumers from themselves. 'New Policies for Mandatory Defined Contribution Pensions: Industrial Organization Models and Investment Products' (i) discusses the main implications for the functioning of mandatory defined contribution pensions of consumers inability to make rational choices; (ii) describes how jurisdictions have tried to address these problems through ad hoc policy interventions; and (iii) proposes new policy directions in the areas of industrial organization models and investment products to address these concerns more effectively. Written for practitioners and researchers around the world, this book provides access to new thinking on mandatory defined contribution pension systems and it makes an important contribution to the on-going policy debate on how to best structure mandatory defined contribution pillars.
Modelling Longevity Dynamics For Pensions And Annuity Business
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Author : Ermanno Pitacco
language : en
Publisher: OUP Oxford
Release Date : 2009-01-29
Modelling Longevity Dynamics For Pensions And Annuity Business written by Ermanno Pitacco and has been published by OUP Oxford this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-01-29 with Business & Economics categories.
Mortality improvements, uncertainty in future mortality trends and the relevant impact on life annuities and pension plans constitute important topics in the field of actuarial mathematics and life insurance techniques. In particular, actuarial calculations concerning pensions, life annuities and other living benefits (provided, for example, by long-term care insurance products and whole life sickness covers) are based on survival probabilities which necessarily extend over a long time horizon. In order to avoid underestimation of the related liabilities, the insurance company (or the pension plan) must adopt an appropriate forecast of future mortality. Great attention is currently being devoted to the management of life annuity portfolios, both from a theoretical and a practical point of view, because of the growing importance of annuity benefits paid by private pension schemes. In particular, the progressive shift from defined benefit to defined contribution pension schemes has increased the interest in life annuities with a guaranteed annual amount. This book provides a comprehensive and detailed description of methods for projecting mortality, and an extensive introduction to some important issues concerning longevity risk in the area of life annuities and pension benefits. It relies on research work carried out by the authors, as well as on a wide teaching experience and in CPD (Continuing Professional Development) initiatives. The following topics are dealt with: life annuities in the framework of post-retirement income strategies; the basic mortality model; recent mortality trends that have been experienced; general features of projection models; discussion of stochastic projection models, with numerical illustrations; measuring and managing longevity risk.
Chinese Public Pensions Analyzed By Olg Models
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Author : Zaigui Yang
language : en
Publisher:
Release Date : 2015
Chinese Public Pensions Analyzed By Olg Models written by Zaigui Yang and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Pensions categories.
This book investigates the urban and rural public pension systems in China with overlapping-generations (OLG) models. This book is composed of three parts. Part one analyzes the urban public pension system, part two explores the rural public pension system, and part three discusses some possible public pension systems. It is difficult to find a book to study the Chinese public pension systems with the OLG model. This book can fill the gap in the market. It has the following distinctive features. Firstly, instead of pay-as-you-go or fully funded public pension systems, this book studies the Chinese partially funded pension systems that combines the social pool account with individual accounts. Each chapter includes the author's original work. Secondly, it investigates the public pension systems in a way of following proper sequence and making steady progress. This is convenient for readers to deepen their understanding of the Chinese public pension systems with OLG models. This book is fit for scholars outside China who are interested in the Chinese public pension systems, researchers in China who want to investigate the Chinese public pension systems with the OLG model, doctoral students, master degree students and senior undergraduate students. This book can help scholars outside China to promote their research on the Chinese public pension systems. Secondly, economists in developed countries studied public pension systems by employing OLG model since 1970s; but the model is still strange for most Chinese scholars. This book can help them to utilize the model, describe their research in English and express it in a comparative normal presentation. Thirdly, this book can provide references for doctoral students, master degree students and senior undergraduate students to learn how to use OLG models to study Chinese public pensions. Finally, it can open a door to the world outside China, show the state of research on public pension systems with OLG mode in China, and promote exchange and talk for the Chinese and foreign academic circles.