External Cost of Leverage Adjustment: Evidence from Defined Benefit Pension Plans
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DOI: 10.1016/j.jeconbus.2018.01.001
Abstract: Abstract This paper investigates the influence of external cost shock on the speed of adjustment (SOA) toward target capital structure. To look at the impact of an exogenous shock on the speed of adjustment, we… read more here.
Keywords: external cost; benefit pension; pension plans; leverage ... See more keywords
DYNAMIC HEDGING STRATEGIES FOR CASH BALANCE PENSION PLANS
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DOI: 10.1017/asb.2018.9
Abstract: Abstract Cash balance pension plans with crediting rates linked to long bond yields are relatively common in the United States, but their liabilities are proving very challenging to hedge. In this paper, we consider dynamic… read more here.
Keywords: cash; cash balance; pension plans; balance pension ... See more keywords
An analysis of the Dutch-style pension plans proposed by UK policy-makers
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DOI: 10.1017/s0047279421000155
Abstract: Abstract Collective Defined Contribution (CDC) pension schemes are a variant of collective pension plans that are present in many countries and especially common in the Netherlands. CDC schemes are based on the pooled management of… read more here.
Keywords: pension; pension plans; policy; analysis dutch ... See more keywords
The Long-Term Solvency of Teacher Pension Plans: How We Got to Now and Prospects for Recovery
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DOI: 10.3102/0013189x221093352
Abstract: The COVID-related financial market decline and economic recession have raised new concerns regarding the financial sustainability of retirement plans for state and local government employees, the largest group of whom is public school teachers. Using… read more here.
Keywords: long term; pension; teacher pension; solvency teacher ... See more keywords