Showing 1 - 10 of 1,801
This paper investigates the optimal portfolio rebalancing strategy for assets with cash distributions and proportional transaction costs. A sweep account is an account that is used as the default destination for coupon and dividend proceeds as they arrive. In this study, we incorporate this...
Persistent link: https://www.econbiz.de/10015269966
When consumers concentrate their purchases at a single firm, a firm that offers more products than its rivals can gain market share for all its other products, as well. These spillovers induce firms to compete by offering a greater variety of products rather than lower prices, and a natural...
Persistent link: https://www.econbiz.de/10015226438
This study compares the performance of various fixed and lifecycle portfolio strategies for the accumulation phase of retirement planning in emerging market countries. With an expected utility framework and a bootstrapped Monte Carlo procedure, we find that the majority of emerging market...
Persistent link: https://www.econbiz.de/10015227263
In developing countries like India, the obstacles for development for an economy are large. Such countries' population is mainly dependent on agriculture for their livelihood. It is relic, that the exploitation of landlords and zamindari systems on small and marginal farmers. Even today small...
Persistent link: https://www.econbiz.de/10015268418
This study investigates empirically how forest resources production and time allocation behavior links with climate change issue by using household survey in mid hill village of Nepal. We use Cobb Douglas production function theory to develop household production function econometric model. We...
Persistent link: https://www.econbiz.de/10015212243
High charges for personal pensions were one factor in the personal pensions mis-selling debacle in the United Kingdom. They continued to arouse concern among politicians and commentators. The Labour government, with its new flagship ‘stakeholder’ pension, chose to regulate both the structure...
Persistent link: https://www.econbiz.de/10015216126
Pension fund charges reduce the rate of return on pension accounts in some countries by up to by two percentage points. Do charges of this scale undermine the case for funded pension provision? How can governments hold back costs and charges? This paper looks at evidence from thirteen countries,...
Persistent link: https://www.econbiz.de/10015216127
Pension funds are an important part of private savings flows, the main supplier of capital to industry and play a large and growing role in providing retirement incomes in countries with mature funded pension systems. Reforms which increase the emphasis on privately managed, funded pensions must...
Persistent link: https://www.econbiz.de/10015216128
A critical question in the transition to a funded, private pension system is whether the new private element is presented as a mandate or choice to current and future workers. This paper sets out the spectrum of available options and looks at policy in 13 reforming countries. It concludes that...
Persistent link: https://www.econbiz.de/10015216231
This research studies the propensity of individuals to violate implications of expected utility maximization in allocating retirement savings within a compulsory de- �ned contribution retirement plan. The paper develops the implications and describes the construction and administration of a...
Persistent link: https://www.econbiz.de/10015225923