Personal pension plans and stockmarket volatility

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 red...

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Main Author: Alier, Max
Corporate Author: World Bank Development Research Group
Other Authors: Vittas, Dimitri
Format: eBook
Language:English
Published: Washington, DC World Bank, Development Research Group, Finance 2000, [2000]
Series:Policy research working paper
Subjects:
Online Access:
Collection: World Bank E-Library Archive - Collection details see MPG.ReNa
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 level
Item Description:"October 2000"--Cover. - Includes bibliographical references (p. 50-51). - Title from title screen as viewed on Oct. 05, 2002
Physical Description:Online-Ressource