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221013 ||| eng |
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1 |
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|a Alier, Max
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| 245 |
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|a Personal pension plans and stockmarket volatility
|h Elektronische Ressource
|c Max Alier and Dimitri Vittas
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| 260 |
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|a Washington, DC
|b World Bank, Development Research Group, Finance
|c 2000
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| 653 |
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|a Annuities
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| 653 |
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|a Stocks / Prices
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| 653 |
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|a Risk
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| 653 |
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|a Pension trusts / Investments
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| 653 |
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|a Rate of return
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| 700 |
1 |
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|a Vittas, Dimitri
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| 710 |
2 |
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|a World Bank
|b Development Research Group
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b WOBA
|a World Bank E-Library Archive
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| 490 |
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|a Policy research working paper
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| 500 |
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|a "October 2000"--Cover. - Includes bibliographical references (p. 50-51). - Title from title screen as viewed on Oct. 05, 2002
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| 856 |
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|u http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2463
|x Verlag
|3 Volltext
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| 082 |
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|a 330
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| 520 |
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|a 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
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