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Golden years - understanding the New Zealand Superannuation Fund

Bell, Matthew - 2021

The New Zealand Superannuation Fund (NZSF) is one of New Zealand's largest publicly-owned financial assets. Its primary purpose is to act as an inter-generational tax smoothing vehicle, in order to assist future taxpayers cover the cost of providing the public pension, New Zealand Superannuation...

Persistent link: https://www.econbiz.de/10012548888

Predictors and portfolios over the life cycle : skill vs. luck

Kraft, Holger; Munk, Claus; Weiss, Farina - 2017 - Current version: February 6, 2017

In a calibrated consumption-portfolio model with stock, housing, and labor income predictability, we disentangle the welfare effects of skill and luck. Skilled investors are able to take advantage of all sources of predictability, whereas unskilled investors ignore predictability. Lucky...

Persistent link: https://www.econbiz.de/10012061991

Subjective well-being around retirement

Abolhassani, Marzieh; Alessie, Rob - In: De economist : Netherlands economic review ; quarterly … 161 (2013) 3, pp. 349-366

Persistent link: https://www.econbiz.de/10010188208

Actuarial fairness when longevity increases : an evaluation of the Italian pension system

Belloni, Michele; Maccheroni, Carlo - In: The Geneva papers on risk and insurance - issues and … 38 (2013) 4, pp. 638-674

Persistent link: https://www.econbiz.de/10010206710

Predictors and portfolios over the life cycle

Kraft, Holger; Munk, Claus; Weiss, Farina - 2016

We show that the net corporate payout yield predicts both the stock market index and house prices and that the log home …-averse agent with a 35-year working period and a 15-year retirement period, the present value of the higher average life …

Persistent link: https://www.econbiz.de/10011478878

Simulation model to forecast the consequences of changes introduced into the 2nd pillar of the Polish pension system

Mielczarek, Bożena - In: Economic modelling 30 (2013), pp. 706-714

Persistent link: https://www.econbiz.de/10009708818

Fehlerhafte Erwartungen zur Lebenserwartung in kapitalgedeckten und umlagefinanzierten Altersversicherungen

Helberger, Christof - In: Empirische Forschung und wirtschaftspolitische Beratung …, (pp. 398-419). 1998

Persistent link: https://www.econbiz.de/10001323919

Automatic indexation of the pension age to life expectancy : when policy design matters

Ayuso, Mercedes; Holzmann, Robert; Holzmann, Robert; … - In: Risks : open access journal 9 (2021) 5, pp. 1-28

Increasing retirement ages in an automatic or scheduled way with increasing life expectancy at retirement is a popular … process, model, and parameter risks. The results show that: (i) retirement ages are forecasted to increase substantially in … the coming decades, particularly if a constant period in retirement is targeted; (ii) retirement age policy outcomes may …

Persistent link: https://www.econbiz.de/10012597036

Determinanten erwarteter Renditen am deutschen Aktienmarkt : eine empirische Untersuchung anhand ausgewählter Kennzahlen

Wallmeier, Martin - In: Schmalenbachs Zeitschrift für betriebswirtschaftliche … 52 (2000) 1, pp. 27-57

Persistent link: https://www.econbiz.de/10001473949

Evaluating density forecasts with an application to stock market returns

Raaij, Gabriela de; Raunig, Burkhard - 2002

Persistent link: https://www.econbiz.de/10001650402