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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| Format: | eBook |
| Language: | English |
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Washington, DC
World Bank, Development Research Group, Finance
2000
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| Series: | Policy research working paper
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| 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 |
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| Item Description: | "October 2000"--Cover. - Includes bibliographical references (p. 50-51). - Title from title screen as viewed on Oct. 05, 2002 |