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

DOI10.1111/J.1467-9442.2011.01657.XMaRDI QIDQ3173494zbMATHOpenAlexFDO

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

zbMATH Keywords

leverageinvestmentrisk sharingborrowing constraintsLazear contracts

Mathematics Subject Classification ID

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

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

Cites work

• scientific article; zbMATH DE number 3342731 (Why is no real title available?)
• Golden Eggs and Hyperbolic Discounting
• Junior Can't Borrow: A New Perspective on the Equity Premium Puzzle
• Labour Relations and Asset Returns
• Options and Efficiency
• RADIAL EIGENFUNCTIONS FOR THE ELASTIC CIRCULAR CYLINDER
• Uncertainty Aversion, Risk Aversion, and the Optimal Choice of Portfolio

Cited in

(3)

• Pension fund taxation and risk-taking: should we switch from the EET to the TEE regime?
• Pension Funds and the U.K. Economy
• Does surplus/deficit sharing increase risk-taking in a corporate defined benefit pension plan?

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