Personal pension plans and stockmarket volatility / Max Alier and Dimitri Vittas

By: Contributor(s): Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: Policy research working paper ; 2463Publisher: Washington, DC : World Bank, Development Research Group, Finance, [2000]Description: Online-RessourceSubject(s): Additional physical formats: Alier, N: Personal pension plans and stockmarket volatility LOC classification:
  • HG3881.5.W57
Online resources: Additional physical formats: Also available in print.Summary: Personal pension plans transfer investment risk to participating workers and expose them to the volatility of financial returns. Simple financial strategies lower the volatility of replacement rates but at a significant cost in terms of lower replacement rates. The purchase of valuable annuities reduces the dispersion of replacement rates across generations without lowering their levelPPN: PPN: 724200177Package identifier: Produktsigel: GBV-wba | ZDB-1-WBA | ZDB-110-WBL
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