Determinants of defined-contribution corporate pension adoptions in Japan
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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
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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
Optimal defined-contribution pension management with financial and mortality risks
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DOI: 10.1017/asb.2024.22
Abstract: Abstract This paper studies optimal defined-contribution (DC) pension management under stochastic interest rates and expected inflation. In addition to financial risk, we consider the risk of pre-retirement death and introduce life insurance to the pension… read more here.
Keywords: pension management; contribution pension; defined contribution; pension ... See more keywords
Automatic balancing mechanisms for notional defined contribution accounts in the presence of uncertainty
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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
Robust two-player differential investment game of defined contribution pension plans under multiple risks
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DOI: 10.1080/03461238.2024.2401399
Abstract: This paper explores the optimal management of defined contribution pension plans under multiple risks and strategic interactions using a stochastic differential game between two managers, accounting for model misspecification. Managers who are both competitive and… read more here.
Keywords: contribution pension; plans multiple; pension plans; defined contribution ... See more keywords
How Much Do Teachers Value Compensation Deferred for Retirement? Evidence From Defined Contribution Rate Choices
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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
Explicit Solution of the Mean-variance Optimal Investment Model for Defined-contribution Pension under Non-extensive Statistical Mechanics
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DOI: 10.5506/aphyspolb.55.7-a4
Abstract: With the increasingly serious population aging, people pay more attention to the operation and management of pension. The optimization of pension investment has attracted the research interest of many scholars. Firstly, an asset price model… read more here.
Keywords: non extensive; optimal investment; defined contribution; mechanics ... See more keywords