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The Life-Cycle Personal Accounts Proposal for Social Security: An Evaluation

Shiller, Robert J. - Cowles Foundation for Research in Economics, Yale University - 2005

different arguments, but these arguments generally involve the assumption of a high likelihood of good returns on the accounts …. A simulation is undertaken to estimate the probability distribution of returns in the accounts based on long … future returns behave like historical data, it is found that a baseline personal account portfolio after offset will be …

Persistent link: https://www.econbiz.de/10005762740

The Challenge of Public Pension Reform in Advanced and Emerging Economies

Clements, Benedict J.; Coady, David; Eich, Frank; … - International Monetary Fund (IMF) - 2013

Pension reform is high on the policy agenda of many advanced and emerging market economies. In advanced economies the challenge is generally to contain future increases in public pension spending as the population ages. In emerging market economies, the challenges are often different. Where...

Persistent link: https://www.econbiz.de/10010790493

Public Pension Reform: A Primer

Jousten, Alain - International Monetary Fund (IMF) - 2007

The present paper reviews key issues in pension design and pension reform encountered all across the world. The paper heavily refers to the recent U.S. Social Security reform debate in general and to the Personal Retirement Accounts proposal in particular. A particular emphasis is put on...

Persistent link: https://www.econbiz.de/10005826298

Long-term stock returns in Brazil: volatile equity returns for U.S.-like investors

Araujo, Eurilton; Brito, Ricardo D.; Sanvicente, … - 2020

Persistent link: https://www.econbiz.de/10012404296

Long-term stock returns in Brazil : volatile equity returns for U.S.-like investors

Araujo, Eurilton; Brito, Ricardo D.; Sanvicente, Antonion Z. - 2020 - This version: March 30th, 2020

Persistent link: https://www.econbiz.de/10012243420

Cyclical Patterns in Government Health Expenditures Between 1995 and 2010

Velenyi, Edit V.; Smitz, Marc F. - Economics Research, World Bank Group - 2014

The 2008-09 global economic crises have shown that no country is immune to external challenges. When policy controls are missing or not used efficiently, crises can reverse progress even in advanced economies. This unexpected outcome has increased concerns about the ability of governments in...

Persistent link: https://www.econbiz.de/10010829327

Applying three VaR approaches in measuring market risk of stock portfolio : the case study of VN-30 stock basket in HOSE

Nguyen Quang Thinh; Vo Thi Quy - In: Journal of economic development 24 (2017) 2, pp. 90-113

Persistent link: https://www.econbiz.de/10011804846

Governance and Fund Management in the Chinese Pension System

Hu, Yu-Wei; Impavido, Gregorio; Li, Xiaohong - International Monetary Fund (IMF) - 2009

The Chinese pension system is highly fragmented and decentralized, with governance standards, pension fund management practices, their regulation and supervision varying considerably both across the funded components of the Chinese pension system and across provinces. This paper describes the...

Persistent link: https://www.econbiz.de/10008540915

Social Security and Institutions for Intergenerational, Intragenerational and International Risk Sharing

Shiller, Robert J. - Cowles Foundation for Research in Economics, Yale University - 1998

Social security system old age insurance systems are devices for the sharing of income risks of elderly people with others. Risks can be shared intergenerationally (with the young of the same country), intragenerationally (with other elderly of the same country) or internationally (with...

Persistent link: https://www.econbiz.de/10004990813

ESG, time horizons, risks and stock returns

Minh Thi Hong Dinh - In: Research in international business and finance 65 (2023), pp. 1-10

Persistent link: https://www.econbiz.de/10014436065