Pension plan funding, technology choice, and the equity risk premium

DOI10.1111/J.1467-9442.2011.01657.XzbMATH Open1222.91027OpenAlexW2162639515MaRDI QIDQ3173494FDOQ3173494

Authors: David Christopher Webb 

Publication date: 10 October 2011

Published in: Scandinavian Journal of Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1111/j.1467-9442.2011.01657.x

Recommendations

• Does surplus/deficit sharing increase risk-taking in a corporate defined benefit pension plan?
• Pension funds as institutions for intertemporal risk transfer
• A portfolio approach to the optimal funding of pensions
• Benefit uncertainty and default risk in pension plans
• Accounting/Actuarial Bias Enables Equity Investment By Defined Benefit Pension Plans

zbMATH Keywords

leverageinvestmentrisk sharingborrowing constraintsLazear contracts

Mathematics Subject Classification ID

Corporate finance (dividends, real options, etc.) (91G50)

Cites Work

• Title not available (Why is that?)
• Uncertainty Aversion, Risk Aversion, and the Optimal Choice of Portfolio
• Options and Efficiency
• Golden Eggs and Hyperbolic Discounting
• Junior Can't Borrow: A New Perspective on the Equity Premium Puzzle
• Labour Relations and Asset Returns
• RADIAL EIGENFUNCTIONS FOR THE ELASTIC CIRCULAR CYLINDER

Cited In (2)

• Pension Funds and the U.K. Economy
• Pension fund taxation and risk-taking: should we switch from the EET to the TEE regime?

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