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Pension economics [[electronic resource] /] / David Blake
| Pension economics [[electronic resource] /] / David Blake |
| Autore | Blake David <1954-> |
| Pubbl/distr/stampa | Chichester, England ; ; Hoboken, NJ, : John Wiley & Sons, c2006 |
| Descrizione fisica | 1 online resource (272 p.) |
| Disciplina | 331.252 |
| Soggetto topico |
Old age pensions
Pension trusts - Investments - Econometric models Portfolio management - Econometric models |
| Soggetto genere / forma | Electronic books. |
| ISBN |
1-119-20596-4
1-280-72147-2 9786610721474 0-470-05871-4 |
| Formato | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | 1.1 What is pension economics? -- 1.2 Types of pension scheme -- 1.3 Conclusions -- Questions -- References -- Individual pension decision making -- 2.1 The life cycle model -- 2.2 Pensions and savings -- 2.3 Pensions and retirement decisions -- 2.4 Empirical studies testing the validity of the life cycle model -- 2.5 The Feldstein life cycle model with induced retirement -- 2.6 Conclusion -- Questions -- References -- Corporate pension decision making -- 3.1 The provision of pensions by corporations -- 3.2 The role of pensions in employment contracts -- 3.3 The nature of corporate pension liabilities -- 3.4 Quitting and mandatory retirement -- 3.5 Tax and pension fund policy -- 3.6 Agency costs in pension schemes and pension funds -- 3.7 Conclusions -- Questions -- References -- Pensions in the Diamond-Samuelson overlapping generations model with certain lifetimes -- 4.1 The two-period Diamond-Samuelson OLG model -- 4.2 Pension in the Diamond-Samuelson OLG model with exogenous labour supply and retirement -- 4.3 PAYG pensions in the Diamond-Samuelson OLG model with endogenous labour supply and retirement -- 4.4 Conclusions -- Questions -- References -- Pensions in the Blanchard-Yaari overlapping generations model with uncertain lifetimes -- 5.1 The Blanchard-Yaari OLG model with uncertain lifetimes -- 5.2 PAYG pensions in the Blanchard-Yaari old model with endogenous labour supply and mandatory retirement -- 5.3 Conclusions -- Questions -- References -- The economics of ageing and generational accounting -- 6.1 The macroeconomic effects of ageing : declining population growth and the increasing dependency ratio -- 6.2 Pensions in the Diamond-Samuelson OLG model with a variable population growth rate -- 6.3 Generational accounting -- 6.4 Conclusions -- Questions -- References -- Risk sharing and redistribution in pension schemes -- 7.1 Risks in private pension schemes -- 7.2 Risk sharing in personal pension schemes -- 7.3 Risk sharing in occupational pension schemes -- 7.4 Redistribution in private pension schemes -- 7.5 Private sector market failure and the compensating role of state pension schemes -- 7.6 Risks in state pension schemes -- 7.7 Risk sharing in state pension schemes -- 7.8 Redistribution in state pension schemes -- 7.9 The viability of PAYG state pension systems and the transition costs to funding viability -- 7.10 Conclusions -- Questions -- References -- Behavioural pension economics -- 8.1 The accumulation phase -- 8.2 The decumulation phase -- 8.3 Conclusions -- Questions. |
| Record Nr. | UNINA-9910143707603321 |
Blake David <1954->
|
||
| Chichester, England ; ; Hoboken, NJ, : John Wiley & Sons, c2006 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Pension economics [[electronic resource] /] / David Blake
| Pension economics [[electronic resource] /] / David Blake |
| Autore | Blake David <1954-> |
| Pubbl/distr/stampa | Chichester, England ; ; Hoboken, NJ, : John Wiley & Sons, c2006 |
| Descrizione fisica | 1 online resource (272 p.) |
| Disciplina | 331.252 |
| Soggetto topico |
Old age pensions
Pension trusts - Investments - Econometric models Portfolio management - Econometric models |
| ISBN |
1-119-20596-4
1-280-72147-2 9786610721474 0-470-05871-4 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | 1.1 What is pension economics? -- 1.2 Types of pension scheme -- 1.3 Conclusions -- Questions -- References -- Individual pension decision making -- 2.1 The life cycle model -- 2.2 Pensions and savings -- 2.3 Pensions and retirement decisions -- 2.4 Empirical studies testing the validity of the life cycle model -- 2.5 The Feldstein life cycle model with induced retirement -- 2.6 Conclusion -- Questions -- References -- Corporate pension decision making -- 3.1 The provision of pensions by corporations -- 3.2 The role of pensions in employment contracts -- 3.3 The nature of corporate pension liabilities -- 3.4 Quitting and mandatory retirement -- 3.5 Tax and pension fund policy -- 3.6 Agency costs in pension schemes and pension funds -- 3.7 Conclusions -- Questions -- References -- Pensions in the Diamond-Samuelson overlapping generations model with certain lifetimes -- 4.1 The two-period Diamond-Samuelson OLG model -- 4.2 Pension in the Diamond-Samuelson OLG model with exogenous labour supply and retirement -- 4.3 PAYG pensions in the Diamond-Samuelson OLG model with endogenous labour supply and retirement -- 4.4 Conclusions -- Questions -- References -- Pensions in the Blanchard-Yaari overlapping generations model with uncertain lifetimes -- 5.1 The Blanchard-Yaari OLG model with uncertain lifetimes -- 5.2 PAYG pensions in the Blanchard-Yaari old model with endogenous labour supply and mandatory retirement -- 5.3 Conclusions -- Questions -- References -- The economics of ageing and generational accounting -- 6.1 The macroeconomic effects of ageing : declining population growth and the increasing dependency ratio -- 6.2 Pensions in the Diamond-Samuelson OLG model with a variable population growth rate -- 6.3 Generational accounting -- 6.4 Conclusions -- Questions -- References -- Risk sharing and redistribution in pension schemes -- 7.1 Risks in private pension schemes -- 7.2 Risk sharing in personal pension schemes -- 7.3 Risk sharing in occupational pension schemes -- 7.4 Redistribution in private pension schemes -- 7.5 Private sector market failure and the compensating role of state pension schemes -- 7.6 Risks in state pension schemes -- 7.7 Risk sharing in state pension schemes -- 7.8 Redistribution in state pension schemes -- 7.9 The viability of PAYG state pension systems and the transition costs to funding viability -- 7.10 Conclusions -- Questions -- References -- Behavioural pension economics -- 8.1 The accumulation phase -- 8.2 The decumulation phase -- 8.3 Conclusions -- Questions. |
| Record Nr. | UNINA-9910830643403321 |
|
Blake David <1954->
|
||
| Chichester, England ; ; Hoboken, NJ, : John Wiley & Sons, c2006 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Pension economics [[electronic resource] /] / David Blake
| Pension economics [[electronic resource] /] / David Blake |
| Autore | Blake David <1954-> |
| Pubbl/distr/stampa | Chichester, England ; ; Hoboken, NJ, : John Wiley & Sons, c2006 |
| Descrizione fisica | 1 online resource (272 p.) |
| Disciplina | 331.252 |
| Soggetto topico |
Old age pensions
Pension trusts - Investments - Econometric models Portfolio management - Econometric models |
| ISBN |
1-119-20596-4
1-280-72147-2 9786610721474 0-470-05871-4 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | 1.1 What is pension economics? -- 1.2 Types of pension scheme -- 1.3 Conclusions -- Questions -- References -- Individual pension decision making -- 2.1 The life cycle model -- 2.2 Pensions and savings -- 2.3 Pensions and retirement decisions -- 2.4 Empirical studies testing the validity of the life cycle model -- 2.5 The Feldstein life cycle model with induced retirement -- 2.6 Conclusion -- Questions -- References -- Corporate pension decision making -- 3.1 The provision of pensions by corporations -- 3.2 The role of pensions in employment contracts -- 3.3 The nature of corporate pension liabilities -- 3.4 Quitting and mandatory retirement -- 3.5 Tax and pension fund policy -- 3.6 Agency costs in pension schemes and pension funds -- 3.7 Conclusions -- Questions -- References -- Pensions in the Diamond-Samuelson overlapping generations model with certain lifetimes -- 4.1 The two-period Diamond-Samuelson OLG model -- 4.2 Pension in the Diamond-Samuelson OLG model with exogenous labour supply and retirement -- 4.3 PAYG pensions in the Diamond-Samuelson OLG model with endogenous labour supply and retirement -- 4.4 Conclusions -- Questions -- References -- Pensions in the Blanchard-Yaari overlapping generations model with uncertain lifetimes -- 5.1 The Blanchard-Yaari OLG model with uncertain lifetimes -- 5.2 PAYG pensions in the Blanchard-Yaari old model with endogenous labour supply and mandatory retirement -- 5.3 Conclusions -- Questions -- References -- The economics of ageing and generational accounting -- 6.1 The macroeconomic effects of ageing : declining population growth and the increasing dependency ratio -- 6.2 Pensions in the Diamond-Samuelson OLG model with a variable population growth rate -- 6.3 Generational accounting -- 6.4 Conclusions -- Questions -- References -- Risk sharing and redistribution in pension schemes -- 7.1 Risks in private pension schemes -- 7.2 Risk sharing in personal pension schemes -- 7.3 Risk sharing in occupational pension schemes -- 7.4 Redistribution in private pension schemes -- 7.5 Private sector market failure and the compensating role of state pension schemes -- 7.6 Risks in state pension schemes -- 7.7 Risk sharing in state pension schemes -- 7.8 Redistribution in state pension schemes -- 7.9 The viability of PAYG state pension systems and the transition costs to funding viability -- 7.10 Conclusions -- Questions -- References -- Behavioural pension economics -- 8.1 The accumulation phase -- 8.2 The decumulation phase -- 8.3 Conclusions -- Questions. |
| Record Nr. | UNINA-9910877243103321 |
|
Blake David <1954->
|
||
| Chichester, England ; ; Hoboken, NJ, : John Wiley & Sons, c2006 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Pension finance [[electronic resource] /] / David Blake
| Pension finance [[electronic resource] /] / David Blake |
| Autore | Blake David <1954-> |
| Pubbl/distr/stampa | Chichester, England ; ; Hoboken, NJ, : John Wiley & Sons, c2006 |
| Descrizione fisica | 1 online resource (485 p.) |
| Disciplina |
332.67/254
332.67254 |
| Soggetto topico |
Pension trusts - Management
Pension trusts - Investments Portfolio management |
| Soggetto genere / forma | Electronic books. |
| ISBN |
1-119-20894-7
1-280-72146-4 9786610721467 0-470-05870-6 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Pension Finance; Contents; Preface; 1 Investment Assets Held by Pension Funds; 1.1 Money-Market Securities; 1.2 Bonds and Loans; 1.3 Shares; 1.4 Collective Investment Vehicles; 1.4.1 Unit Trusts and Open-Ended Investment Vehicles; 1.4.2 Investment Trusts; 1.4.3 Insurance Products; 1.4.4 Exchange-Traded Funds and Guaranteed Growth Funds; 1.5 Real Assets; 1.5.1 Property; 1.5.2 Land; 1.5.3 Collectibles; 1.6 Derivatives; 1.6.1 Forwards and Futures; 1.6.2 Options, Warrants and Convertibles; 1.6.3 Swaps; 1.6.4 Forward-Rate Agreements; 1.6.5 Synthetic Securities; 1.7 Alternative Investments
1.7.1 Public Market Strategies1.7.2 Private Market or Private Equity Strategies; 1.7.3 Natural Resources; 1.8 Socially Responsible Investment; 1.9 Global Custody; 1.10 Different Asset Characteristics and Uses; 1.10.1 Asset Characteristics; 1.10.2 Asset Uses; 1.11 Conclusions; Questions; Appendix: Standard Deviation, Value-At-Risk and Correlation; References; 2 Personal Finance: The Allocation of Personal Wealth to Different Asset Classes; 2.1 Introduction; 2.2 Modelling the Allocation of Personal Wealth to Different Asset Classes; 2.3 Conclusions; Questions; References 3 Corporate Pension Finance3.1 The Valuation of Pension Liabilities: Differences Between the Actuarial and Economic Approaches; 3.2 Pensions and the Company Balance Sheet: Differences Between the Accounting and Economic Approaches; 3.3 The Asset Allocation of the Pension Fund; 3.3.1 A Fully Funded Pension Fund; 3.3.2 An Underfunded Pension Fund; 3.3.3 A Pension Fund with Liabilities Linked to Earnings Growth; 3.3.4 An Insured Pension Fund; 3.4 The Relationship between the Pension Fund and the Sponsoring Company's Profitability, Credit Rating and Share Price; 3.4.1 Profitability 3.4.2 Credit Rating3.4.3 Share Price; 3.5 Conclusions; Questions; References; 4 Defined Contribution Pension Schemes - The Accumulation Phase; 4.1 The Optimal Design of DC Schemes During the Accumulation Phase; 4.1.1 Stochastic Pension Scheme Design; 4.1.2 Risk Factors; 4.1.3 Control Variables; 4.1.4 Simulation Output; 4.1.5 Choosing the Optimal Asset-Allocation Strategy; 4.1.6 The Trade-Off between Risk and Contribution Rates; 4.2 Charges; 4.2.1 Types of Charges; 4.2.2 Reduction in Yield; 4.2.3 Reduction in Contributions; 4.2.4 Changing Charging Structures and the Impact of Hidden Charges 4.3 Persistency4.3.1 Persistency Rates; 4.3.2 Adjusting Reported Charges for Policy Lapses; 4.4 Conclusions; Questions; Appendix: Charges; A.1 Reduction in Yield; A.2 Reduction in Contributions; A.3 Adjusting for Lapse Rates; References; 5 Defined Contribution Pension Schemes - The Distribution Phase; 5.1 Annuities; 5.1.1 Purchase Arrangements; 5.1.2 Coverage; 5.1.3 Variations; 5.1.4 Other Features; 5.1.5 Payment Terms; 5.1.6 Decomposition of Annuity Charges; 5.1.7 Mortality Drag; 5.2 The Optimal Design of DC Schemes During the Distribution Phase; 5.2.1 Alternative Distribution Programmes 5.2.2 Stochastic Pension Scheme Design |
| Record Nr. | UNINA-9910143707303321 |
|
Blake David <1954->
|
||
| Chichester, England ; ; Hoboken, NJ, : John Wiley & Sons, c2006 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Pension finance [[electronic resource] /] / David Blake
| Pension finance [[electronic resource] /] / David Blake |
| Autore | Blake David <1954-> |
| Pubbl/distr/stampa | Chichester, England ; ; Hoboken, NJ, : John Wiley & Sons, c2006 |
| Descrizione fisica | 1 online resource (485 p.) |
| Disciplina |
332.67/254
332.67254 |
| Soggetto topico |
Pension trusts - Management
Pension trusts - Investments Portfolio management |
| ISBN |
1-119-20894-7
1-280-72146-4 9786610721467 0-470-05870-6 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Pension Finance; Contents; Preface; 1 Investment Assets Held by Pension Funds; 1.1 Money-Market Securities; 1.2 Bonds and Loans; 1.3 Shares; 1.4 Collective Investment Vehicles; 1.4.1 Unit Trusts and Open-Ended Investment Vehicles; 1.4.2 Investment Trusts; 1.4.3 Insurance Products; 1.4.4 Exchange-Traded Funds and Guaranteed Growth Funds; 1.5 Real Assets; 1.5.1 Property; 1.5.2 Land; 1.5.3 Collectibles; 1.6 Derivatives; 1.6.1 Forwards and Futures; 1.6.2 Options, Warrants and Convertibles; 1.6.3 Swaps; 1.6.4 Forward-Rate Agreements; 1.6.5 Synthetic Securities; 1.7 Alternative Investments
1.7.1 Public Market Strategies1.7.2 Private Market or Private Equity Strategies; 1.7.3 Natural Resources; 1.8 Socially Responsible Investment; 1.9 Global Custody; 1.10 Different Asset Characteristics and Uses; 1.10.1 Asset Characteristics; 1.10.2 Asset Uses; 1.11 Conclusions; Questions; Appendix: Standard Deviation, Value-At-Risk and Correlation; References; 2 Personal Finance: The Allocation of Personal Wealth to Different Asset Classes; 2.1 Introduction; 2.2 Modelling the Allocation of Personal Wealth to Different Asset Classes; 2.3 Conclusions; Questions; References 3 Corporate Pension Finance3.1 The Valuation of Pension Liabilities: Differences Between the Actuarial and Economic Approaches; 3.2 Pensions and the Company Balance Sheet: Differences Between the Accounting and Economic Approaches; 3.3 The Asset Allocation of the Pension Fund; 3.3.1 A Fully Funded Pension Fund; 3.3.2 An Underfunded Pension Fund; 3.3.3 A Pension Fund with Liabilities Linked to Earnings Growth; 3.3.4 An Insured Pension Fund; 3.4 The Relationship between the Pension Fund and the Sponsoring Company's Profitability, Credit Rating and Share Price; 3.4.1 Profitability 3.4.2 Credit Rating3.4.3 Share Price; 3.5 Conclusions; Questions; References; 4 Defined Contribution Pension Schemes - The Accumulation Phase; 4.1 The Optimal Design of DC Schemes During the Accumulation Phase; 4.1.1 Stochastic Pension Scheme Design; 4.1.2 Risk Factors; 4.1.3 Control Variables; 4.1.4 Simulation Output; 4.1.5 Choosing the Optimal Asset-Allocation Strategy; 4.1.6 The Trade-Off between Risk and Contribution Rates; 4.2 Charges; 4.2.1 Types of Charges; 4.2.2 Reduction in Yield; 4.2.3 Reduction in Contributions; 4.2.4 Changing Charging Structures and the Impact of Hidden Charges 4.3 Persistency4.3.1 Persistency Rates; 4.3.2 Adjusting Reported Charges for Policy Lapses; 4.4 Conclusions; Questions; Appendix: Charges; A.1 Reduction in Yield; A.2 Reduction in Contributions; A.3 Adjusting for Lapse Rates; References; 5 Defined Contribution Pension Schemes - The Distribution Phase; 5.1 Annuities; 5.1.1 Purchase Arrangements; 5.1.2 Coverage; 5.1.3 Variations; 5.1.4 Other Features; 5.1.5 Payment Terms; 5.1.6 Decomposition of Annuity Charges; 5.1.7 Mortality Drag; 5.2 The Optimal Design of DC Schemes During the Distribution Phase; 5.2.1 Alternative Distribution Programmes 5.2.2 Stochastic Pension Scheme Design |
| Record Nr. | UNINA-9910877872203321 |
|
Blake David <1954->
|
||
| Chichester, England ; ; Hoboken, NJ, : John Wiley & Sons, c2006 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||