The Value and Risk of Defined Contribution Pension Schemes: International Evidence

Using data on historical returns on international financial assets, the paper simulates pension fund and pension replacement ratios, building up frequency distributions of these ratios for individuals saving in a defined contribution pension plan in different countries. These frequency distributions illustrate the risk in the pension replacement ratio faced by an individual who saves in a typical defined contribution pension scheme.

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Year of publication:	2009-07
Authors:	Cannon, Edmund ; Tonks, Ian
Institutions:	School of Economics, Finance and Management, University of Bristol
Subject:	Risks \| Defined contribution pension schemes \| pension replacement ratio

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Extent:	application/pdf
Series:	Bristol Economics Discussion Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	40 pages
Classification:	E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; G14 - Information and Market Efficiency; Event Studies ; H55 - Social Security and Public Pensions
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004966377