Language:
English
Pages:
Online-Ressource
Edition:
Online-Ausg. World Bank E-Library Archive Also available in print
Series Statement:
Policy research working paper 2463
Parallel Title:
Alier, N Personal pension plans and stockmarket volatility
Keywords:
Annuities
;
Pension trusts Investments
;
Rate of return
;
Risk
;
Stocks Prices
;
Annuities
;
Pension trusts Investments
;
Rate of return
;
Risk
;
Stocks Prices
Abstract:
Personal pension plans transfer investment risk to participating workers and expose them to the volatility of financial returns. Simple financial strategies lower the volatility of replacement rates but at a significant cost in terms of lower replacement rates. The purchase of valuable annuities reduces the dispersion of replacement rates across generations without lowering their level
Note:
"October 2000"--Cover
,
Includes bibliographical references (p. 50-51)
,
Title from title screen as viewed on Oct. 05, 2002
,
Also available in print.
URL:
Volltext
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