Defined Contribution
16 Followers
Recent papers in Defined Contribution
This paper examines the role of guarantees in DC pension plans, in particular minimum investment return guarantees during the accumulation phase. The main goal is to assess the cost and benefits of different return guarantees. The report... more
All of Zambia's pension schemes are deficient in design, financing, and administration. This report urges that Zambia restructure its social protection system to complement its new economic strategy. That restructuring must address... more
This thesis provides empirical evidence on financial skills and the relation with household financial decision-making based upon specially designed questions for the DNB Household Survey (DHS). The majority of the respondents has some... more
In the UK and elsewhere, defined benefit (DB) schemes are being replaced by defined contribution (DC) schemes. However DC schemes have some substantial weaknesses, and a continuation of current policies will probably lead to another... more
The call for enhanced financial literacy amongst consumers is a global phenomenon, driven by the growing complexity of financial markets and products, and government concerns about the affordability of supporting an ageing population.... more
THE SWEDISH PENSION REFORM DATES BACK TO THE SUMMER OF 1992 when the Parliamen- tary Working Group on Pensions published a "sketch" containing almost all the essential elements of the reform. The working group was formed at the... more
The Canadian three-tier pension system consists of the Old Age Security (OAS), the Canada and Quebec Pension Plans (CPP/QPP) and workplace registered pension plans (RPPs). This three-tier system has improved and ensured the security and... more
This paper offers an assessment of broad social, economic, and demographic trends affecting the US labor force now—in,this time of strong economic,growth—and,in the future. The focus is on demographic trends, work and family issues,... more
For participants in defined contribution (DC) plans who refrain from exercising investment choice, plan contributions are invested following the default investment option of their respective plans. Since default investment options of... more
In this work, we made a presentation regarding to the Israeli pension system which was deeply reformed by passing it from a system based on Defined Benefits with huge actuarial deficits to a system based on Defined Contribution actuarial... more
From 1981 to 2007, more than thirty countries worldwide fully or partially replaced their pre-existing pay-as-you-go pension systems with ones based on individual, private savings accounts in a process often labelled “pension... more
During the last decade, Argentina has faced an extended process of reform of the Pension System. It had been implemented a mixed system with a private funds scheme (PFS) and a new public pay-as-you-go system. The PFS was based on personal... more
In this paper we model the transfers of value between the various generations in a funded pension scheme (pension fund). Value-based generational accounting is used as framework of analysis. Pension benefits and contributions may depend... more