Evaluating risk sharing in private pensions plans:
The principal purpose of this article is to analyse the trade-off between the (un)certainty in contributions on the one hand and benefits on the other that is embedded in different pension arrangements. The article employs the funding ratio (ratio of assets to liabilities) and the replacement rate (...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Weitere Verfasser: | , , |
| Format: | Elektronisch Artikel |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2009
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | The principal purpose of this article is to analyse the trade-off between the (un)certainty in contributions on the one hand and benefits on the other that is embedded in different pension arrangements. The article employs the funding ratio (ratio of assets to liabilities) and the replacement rate (ratio of benefits to salaries) as key criteria for evaluating the risk sharing characteristics of a private pension plan from the perspective of the plan member. The stochastic simulations performed show that hybrid plans (those in between traditional DB and individual DC) appear to be more efficient and sustainable forms of risk sharing than either of the other two. Of the three main hybrid plans analysed, conditional indexation plans appear to have the greatest potential as sustainable forms of risk sharing. |
| Beschreibung: | 1 Online-Ressource (22 p.) |
| DOI: | 10.1787/fmt-v2009-art7-en |
Internformat
MARC
| LEADER | 00000caa a22000002 4500 | ||
|---|---|---|---|
| 001 | ZDB-13-SOC-061306967 | ||
| 003 | DE-627-1 | ||
| 005 | 20231204121142.0 | ||
| 007 | cr uuu---uuuuu | ||
| 008 | 210204s2009 xx |||||o 00| ||eng c | ||
| 024 | 7 | |a 10.1787/fmt-v2009-art7-en |2 doi | |
| 035 | |a (DE-627-1)061306967 | ||
| 035 | |a (DE-599)KEP061306967 | ||
| 035 | |a (FR-PaOEC)fmt-v2009-art7-en | ||
| 035 | |a (EBP)061306967 | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rda | ||
| 041 | |a eng | ||
| 100 | 1 | |a Blommestein, Hans J... |e VerfasserIn |4 aut | |
| 245 | 1 | 0 | |a Evaluating risk sharing in private pensions plans |c Hans J., Blommestein ... [et al] |
| 264 | 1 | |a Paris |b OECD Publishing |c 2009 | |
| 300 | |a 1 Online-Ressource (22 p.) | ||
| 336 | |a Text |b txt |2 rdacontent | ||
| 337 | |a Computermedien |b c |2 rdamedia | ||
| 338 | |a Online-Ressource |b cr |2 rdacarrier | ||
| 520 | |a The principal purpose of this article is to analyse the trade-off between the (un)certainty in contributions on the one hand and benefits on the other that is embedded in different pension arrangements. The article employs the funding ratio (ratio of assets to liabilities) and the replacement rate (ratio of benefits to salaries) as key criteria for evaluating the risk sharing characteristics of a private pension plan from the perspective of the plan member. The stochastic simulations performed show that hybrid plans (those in between traditional DB and individual DC) appear to be more efficient and sustainable forms of risk sharing than either of the other two. Of the three main hybrid plans analysed, conditional indexation plans appear to have the greatest potential as sustainable forms of risk sharing. | ||
| 650 | 4 | |a Finance and Investment | |
| 700 | 1 | |a Janssen, Pascal |e MitwirkendeR |4 ctb | |
| 700 | 1 | |a Kortleve, Niels |e MitwirkendeR |4 ctb | |
| 700 | 1 | |a Yermo, Juan |e MitwirkendeR |4 ctb | |
| 773 | 0 | 8 | |i Enthalten in |t OECD Journal: Financial Market Trends |g Vol. 2009, no. 1, p. 163-184 |
| 773 | 1 | 8 | |g volume:2009 |g year:2009 |g number:1 |g pages:163-184 |
| 856 | 4 | 0 | |l FWS01 |p ZDB-13-SOC |q FWS_PDA_SOC |u https://doi.org/10.1787/fmt-v2009-art7-en |3 Volltext |
| 912 | |a ZDB-13-SOC | ||
| 912 | |a ZDB-13-SOC-article | ||
| 912 | |a ZDB-13-SOC | ||
| 951 | |a AR | ||
| 912 | |a ZDB-13-SOC | ||
| 049 | |a DE-863 | ||
Datensatz im Suchindex
| DE-BY-FWS_katkey | ZDB-13-SOC-061306967 |
|---|---|
| _version_ | 1816797352144404480 |
| adam_text | |
| any_adam_object | |
| author | Blommestein, Hans J.. |
| author2 | Janssen, Pascal Kortleve, Niels Yermo, Juan |
| author2_role | ctb ctb ctb |
| author2_variant | p j pj n k nk j y jy |
| author_facet | Blommestein, Hans J.. Janssen, Pascal Kortleve, Niels Yermo, Juan |
| author_role | aut |
| author_sort | Blommestein, Hans J.. |
| author_variant | h j b hj hjb |
| building | Verbundindex |
| bvnumber | localFWS |
| collection | ZDB-13-SOC ZDB-13-SOC-article |
| ctrlnum | (DE-627-1)061306967 (DE-599)KEP061306967 (FR-PaOEC)fmt-v2009-art7-en (EBP)061306967 |
| discipline | Wirtschaftswissenschaften |
| doi_str_mv | 10.1787/fmt-v2009-art7-en |
| format | Electronic Article |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02158caa a22003972 4500</leader><controlfield tag="001">ZDB-13-SOC-061306967</controlfield><controlfield tag="003">DE-627-1</controlfield><controlfield tag="005">20231204121142.0</controlfield><controlfield tag="007">cr uuu---uuuuu</controlfield><controlfield tag="008">210204s2009 xx |||||o 00| ||eng c</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1787/fmt-v2009-art7-en</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-627-1)061306967</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)KEP061306967</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(FR-PaOEC)fmt-v2009-art7-en</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(EBP)061306967</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-627</subfield><subfield code="b">ger</subfield><subfield code="c">DE-627</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1=" " ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Blommestein, Hans J...</subfield><subfield code="e">VerfasserIn</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Evaluating risk sharing in private pensions plans</subfield><subfield code="c">Hans J., Blommestein ... [et al]</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Paris</subfield><subfield code="b">OECD Publishing</subfield><subfield code="c">2009</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (22 p.)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">Text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">Computermedien</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">Online-Ressource</subfield><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">The principal purpose of this article is to analyse the trade-off between the (un)certainty in contributions on the one hand and benefits on the other that is embedded in different pension arrangements. The article employs the funding ratio (ratio of assets to liabilities) and the replacement rate (ratio of benefits to salaries) as key criteria for evaluating the risk sharing characteristics of a private pension plan from the perspective of the plan member. The stochastic simulations performed show that hybrid plans (those in between traditional DB and individual DC) appear to be more efficient and sustainable forms of risk sharing than either of the other two. Of the three main hybrid plans analysed, conditional indexation plans appear to have the greatest potential as sustainable forms of risk sharing.</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Finance and Investment</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Janssen, Pascal</subfield><subfield code="e">MitwirkendeR</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Kortleve, Niels</subfield><subfield code="e">MitwirkendeR</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Yermo, Juan</subfield><subfield code="e">MitwirkendeR</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="773" ind1="0" ind2="8"><subfield code="i">Enthalten in</subfield><subfield code="t">OECD Journal: Financial Market Trends</subfield><subfield code="g">Vol. 2009, no. 1, p. 163-184</subfield></datafield><datafield tag="773" ind1="1" ind2="8"><subfield code="g">volume:2009</subfield><subfield code="g">year:2009</subfield><subfield code="g">number:1</subfield><subfield code="g">pages:163-184</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="l">FWS01</subfield><subfield code="p">ZDB-13-SOC</subfield><subfield code="q">FWS_PDA_SOC</subfield><subfield code="u">https://doi.org/10.1787/fmt-v2009-art7-en</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC-article</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="951" ind1=" " ind2=" "><subfield code="a">AR</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-863</subfield></datafield></record></collection> |
| id | ZDB-13-SOC-061306967 |
| illustrated | Not Illustrated |
| indexdate | 2024-11-26T14:56:12Z |
| institution | BVB |
| language | English |
| open_access_boolean | |
| owner | DE-863 DE-BY-FWS |
| owner_facet | DE-863 DE-BY-FWS |
| physical | 1 Online-Ressource (22 p.) |
| psigel | ZDB-13-SOC ZDB-13-SOC-article |
| publishDate | 2009 |
| publishDateSearch | 2009 |
| publishDateSort | 2009 |
| publisher | OECD Publishing |
| record_format | marc |
| spelling | Blommestein, Hans J... VerfasserIn aut Evaluating risk sharing in private pensions plans Hans J., Blommestein ... [et al] Paris OECD Publishing 2009 1 Online-Ressource (22 p.) Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier The principal purpose of this article is to analyse the trade-off between the (un)certainty in contributions on the one hand and benefits on the other that is embedded in different pension arrangements. The article employs the funding ratio (ratio of assets to liabilities) and the replacement rate (ratio of benefits to salaries) as key criteria for evaluating the risk sharing characteristics of a private pension plan from the perspective of the plan member. The stochastic simulations performed show that hybrid plans (those in between traditional DB and individual DC) appear to be more efficient and sustainable forms of risk sharing than either of the other two. Of the three main hybrid plans analysed, conditional indexation plans appear to have the greatest potential as sustainable forms of risk sharing. Finance and Investment Janssen, Pascal MitwirkendeR ctb Kortleve, Niels MitwirkendeR ctb Yermo, Juan MitwirkendeR ctb Enthalten in OECD Journal: Financial Market Trends Vol. 2009, no. 1, p. 163-184 volume:2009 year:2009 number:1 pages:163-184 FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/fmt-v2009-art7-en Volltext |
| spellingShingle | Blommestein, Hans J.. Evaluating risk sharing in private pensions plans Finance and Investment |
| title | Evaluating risk sharing in private pensions plans |
| title_auth | Evaluating risk sharing in private pensions plans |
| title_exact_search | Evaluating risk sharing in private pensions plans |
| title_full | Evaluating risk sharing in private pensions plans Hans J., Blommestein ... [et al] |
| title_fullStr | Evaluating risk sharing in private pensions plans Hans J., Blommestein ... [et al] |
| title_full_unstemmed | Evaluating risk sharing in private pensions plans Hans J., Blommestein ... [et al] |
| title_short | Evaluating risk sharing in private pensions plans |
| title_sort | evaluating risk sharing in private pensions plans |
| topic | Finance and Investment |
| topic_facet | Finance and Investment |
| url | https://doi.org/10.1787/fmt-v2009-art7-en |
| work_keys_str_mv | AT blommesteinhansj evaluatingrisksharinginprivatepensionsplans AT janssenpascal evaluatingrisksharinginprivatepensionsplans AT kortleveniels evaluatingrisksharinginprivatepensionsplans AT yermojuan evaluatingrisksharinginprivatepensionsplans |