In recent years, investment portfolio selection is growing in importance for many emerging market pension funds, as pension reforms replace traditional pay-as-you-go systems with advanced funding systems. Various investment regulations are applied to the funded pensions, particularly in the form...

For countries assessing whether to implement a cash transfer program, an ex-ante evaluation is vital to assess its potential impacts. This study simulates the impact of alternative cash transfer programs on school attendance and poverty among Sri Lankan children. We find that cash transfer...

For countries assessing whether to implement a cash transfer program, an ex-ante evaluation is vital to assess its potential impacts. This study simulates the impact of alternative cash transfer programs on school attendance and poverty among Sri Lankan children. We find that cash transfer...

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...

In recent years, investment portfolio selection is growing in importance for many emerging market pension funds, as pension reforms replace traditional pay-as-you-go systems with advanced funding systems. Various investment regulations are applied to the funded pensions, particularly in the form...