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Target benefit versus defined contribution scheme: a multi-period framework

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Publication:6569738
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DOI10.1017/ASB.2023.27zbMATH Open1548.91093MaRDI QIDQ6569738FDOQ6569738

Ping Chen, Dan Zhu, Hailiang Yang, Haixiang Yao

Publication date: 9 July 2024

Published in: ASTIN Bulletin (Search for Journal in Brave)




zbMATH Keywords

optimal investmentmulti-periodreplacement ratecollective defined contributionstochastic wage


Mathematics Subject Classification ID

Actuarial mathematics (91G05)


Cites Work

  • Optimal dynamic portfolio selection: multiperiod mean-variance formulation
  • Target-driven investing: optimal investment strategies in defined contribution pension plans under loss aversion
  • Asset allocation for a DC pension fund with stochastic income and mortality risk: a multi-period mean-variance framework
  • A Two-Sector Overlapping-Generations Model: A Global Characterization of the Dynamical System
  • Conditions for nonnegativeness of partitioned matrices
  • Current developments in German pension schemes: what are the benefits of the new target pension?
  • Optimal investment strategies and intergenerational risk sharing for target benefit pension plans







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