Pension Fund Economics and Finance

Efficiency, Investments and Risk-Taking

Business & Finance, Personal Finance, Retirement Planning, Finance & Investing, Investments & Securities
Cover of the book Pension Fund Economics and Finance by , Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: ISBN: 9781317220831
Publisher: Taylor and Francis Publication: November 22, 2017
Imprint: Routledge Language: English
Author:
ISBN: 9781317220831
Publisher: Taylor and Francis
Publication: November 22, 2017
Imprint: Routledge
Language: English

Pension fund benefits are crucial for pensioners’ welfare and pension fund savings have accumulated to huge amounts, covering a major part of world-wide institutional investments. However, the literature on pension fund economics and finance is rather limited, caused, in part, to limited data availability. This book contributes to this literature and focuses on three important areas. The first is pension fund (in)efficiency, which has a huge impact on final benefits, particularly when annual spoilage accumulates over a lifetime. Scale economies, pension plans complexity and alternative pension saving plans are important issues.

The second area is investment behavior and risk-taking. A key question refers to the allocation of investments over high risk/high return and relatively safe assets. Bikker investigates whether pension funds follow the life-cycle hypothesis: more risk and return for pension funds with young participants. Many pension funds are rather limited in size, which may raise the question how financially sophisticated the pension fund decision makers are: rather professionals or closer to unskilled private persons?

The third field concerns two regulation issues. How do pension fund respond to shocks such as unexpected investment returns or changes in life expectancy? What are the welfare implications to the beneficiary for different methods of securing pension funding: solvency requirements, a pension guarantee fund, or sponsor support?

This groundbreaking book will challenge the way pension fund economics is thought about and practiced.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Pension fund benefits are crucial for pensioners’ welfare and pension fund savings have accumulated to huge amounts, covering a major part of world-wide institutional investments. However, the literature on pension fund economics and finance is rather limited, caused, in part, to limited data availability. This book contributes to this literature and focuses on three important areas. The first is pension fund (in)efficiency, which has a huge impact on final benefits, particularly when annual spoilage accumulates over a lifetime. Scale economies, pension plans complexity and alternative pension saving plans are important issues.

The second area is investment behavior and risk-taking. A key question refers to the allocation of investments over high risk/high return and relatively safe assets. Bikker investigates whether pension funds follow the life-cycle hypothesis: more risk and return for pension funds with young participants. Many pension funds are rather limited in size, which may raise the question how financially sophisticated the pension fund decision makers are: rather professionals or closer to unskilled private persons?

The third field concerns two regulation issues. How do pension fund respond to shocks such as unexpected investment returns or changes in life expectancy? What are the welfare implications to the beneficiary for different methods of securing pension funding: solvency requirements, a pension guarantee fund, or sponsor support?

This groundbreaking book will challenge the way pension fund economics is thought about and practiced.

More books from Taylor and Francis

Cover of the book Public Administration and Policy in Korea by
Cover of the book The Later Middle Ages in England 1216 - 1485 by
Cover of the book Women and Urban Life in Eighteenth-Century England by
Cover of the book Changing Perspectives 1 by
Cover of the book Fostering Good Relationships by
Cover of the book Urban Planning and Cultural Identity by
Cover of the book The Education of Children and Young People in State Care by
Cover of the book Consumption and Identity in Asian American Coming-of-Age Novels by
Cover of the book Multilingualism in the Chinese Diaspora Worldwide by
Cover of the book Economic Development in East Asia by
Cover of the book Dissident Geographies by
Cover of the book Technologies of Sexuality, Identity and Sexual Health by
Cover of the book Romantic Genius and the Literary Magazine by
Cover of the book The Margins of Citizenship by
Cover of the book How to Account for Sustainability by
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy