Determinants of defined-contribution corporate pension adoptions in Japan
Sign Up to like & getrecommendations! Published in 2021 at "Journal of Economics and Finance"
DOI: 10.1007/s12197-020-09536-2
Abstract: Traditional Japanese corporate pension plans with defined benefits (DB) have been saddled with serious underfunding difficulties since the major stock market crash of the early 1990s. An alternative defined-contribution (DC) plan circumvents the underfunding problem… read more here.
Keywords: pension; determinants defined; contribution corporate; corporate pension ... See more keywords
The market sensitivity of retirement and defined contribution pensions: Evidence from the public sector
Sign Up to like & getrecommendations! Published in 2017 at "Journal of Public Economics"
DOI: 10.1016/j.jpubeco.2016.11.008
Abstract: I provide evidence that defined contribution (DC) pensions make retirement more positively correlated with stock market returns as compared to defined benefits (DB) pensions. To identify the effect, I exploit the U.S. federal government's switch… read more here.
Keywords: retirement; pension; market; evidence ... See more keywords
Automatic balancing mechanisms for notional defined contribution accounts in the presence of uncertainty
Sign Up to like & getrecommendations! Published in 2017 at "Scandinavian Actuarial Journal"
DOI: 10.1080/03461238.2017.1304984
Abstract: The notional defined contribution model combines pay-as-you-go financing and a defined contribution pension formula. This paper aims to demonstrate the extent to which liquidity and solvency indicators are affected by fluctuations in economic and demographic… read more here.
Keywords: contribution; balancing mechanisms; defined contribution; notional defined ... See more keywords
How Much Do Teachers Value Compensation Deferred for Retirement? Evidence From Defined Contribution Rate Choices
Sign Up to like & getrecommendations! Published in 2023 at "Educational Researcher"
DOI: 10.3102/0013189x21999665
Abstract: How much do teachers value compensation deferred for retirement (CDR)? This question is important because the vast majority of public school teachers are covered by defined benefit pension plans that “backload” a large share of… read more here.
Keywords: teachers value; compensation; retirement; defined contribution ... See more keywords