Explores issues in financing retirement, from fundamental changes in types of pension plans offered to pension funds' investment strategies following the global financial crisis. Focuses in particular on the adequacy of individuals' and institutions' plans in the face of increasing life...

The shortage of seafarers continues in the global shipping market. In particular, the retention of skilled officers has not been maintained. One of the reasons why the number of officers working on merchant ships is because of the working conditions onboard the ship. For instance, there are...

Purpose: We investigate participant behaviors and the investment performance of defined contribution (DC) plans. Design/methodology/approach: Using unique data of 420,839 participants in 47,442 workplace pension schemes for small firms in South Korea, we examine participant investment behavior...

This paper derives the optimal asset allocation and contributing strategies in the DC occupational pension scheme of Korea using a goals-based investing approach. Essential and aspirational goals are defined as minimum and target income replacement rates in a DC occupational pension scheme,...