Chen, Chao-Liang - In: Applied Economics 42 (2010) 21, pp. 2743-2750
This article develops a market-based liability valuation model to price individual pension costs of a Defined Benefit … the case of Taiwan. The results based on the numerical approach show that the new IPAs cost a company more than the old DB … (DB) pension plan. The purpose is to compare them with the new labour pension plan, Individual Pension Accounts (IPAs), in …