Determining Equivalent Charges on Flow and Balance in Individual Account Pension Systems

In this article, we determine a charge on balance that is equivalent to a certain fixed charge on flow for a particular utility–maximizer affiliate participating in a defined-contribution pension fund under the system of individual accounts. We also prove, under market completeness, that the equivalent charge on balance depends only on the current level of the charge on flow, the length of the accumulation period and the risk free rate of return

MoreLess

Year of publication:	2016
Authors:	Chavez-Bedoya, Luis
Publisher:	[2016]: [S.l.] : SSRN
Subject:	Gesetzliche Rentenversicherung \| Public pension system \| Kapitaldeckungsverfahren \| Fully funded system \| Private Altersvorsorge \| Private retirement provision \| Rentenreform \| Pension reform \| Theorie \| Theory \| Altersvorsorge \| Retirement provision

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

Extent:	1 Online-Ressource (6 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Journal of Economics, Finance & Administrative Science, Vol. 21, pp. 2-7, 2016 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 9, 2016 erstellt
Classification:	G23 - Pension Funds; Other Private Financial Institutions
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012989452