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Book Estimates of Participant and Financial Characteristics of Private Pension Plans

Download or read book Estimates of Participant and Financial Characteristics of Private Pension Plans written by D. Beller and published by . This book was released on 1983 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Strategic Asset Allocation

Download or read book Strategic Asset Allocation written by John Y. Campbell and published by OUP Oxford. This book was released on 2002-01-03 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Academic finance has had a remarkable impact on many financial services. Yet long-term investors have received curiously little guidance from academic financial economists. Mean-variance analysis, developed almost fifty years ago, has provided a basic paradigm for portfolio choice. This approach usefully emphasizes the ability of diversification to reduce risk, but it ignores several critically important factors. Most notably, the analysis is static; it assumes that investors care only about risks to wealth one period ahead. However, many investors—-both individuals and institutions such as charitable foundations or universities—-seek to finance a stream of consumption over a long lifetime. In addition, mean-variance analysis treats financial wealth in isolation from income. Long-term investors typically receive a stream of income and use it, along with financial wealth, to support their consumption. At the theoretical level, it is well understood that the solution to a long-term portfolio choice problem can be very different from the solution to a short-term problem. Long-term investors care about intertemporal shocks to investment opportunities and labor income as well as shocks to wealth itself, and they may use financial assets to hedge their intertemporal risks. This should be important in practice because there is a great deal of empirical evidence that investment opportunities—-both interest rates and risk premia on bonds and stocks—-vary through time. Yet this insight has had little influence on investment practice because it is hard to solve for optimal portfolios in intertemporal models. This book seeks to develop the intertemporal approach into an empirical paradigm that can compete with the standard mean-variance analysis. The book shows that long-term inflation-indexed bonds are the riskless asset for long-term investors, it explains the conditions under which stocks are safer assets for long-term than for short-term investors, and it shows how labor income influences portfolio choice. These results shed new light on the rules of thumb used by financial planners. The book explains recent advances in both analytical and numerical methods, and shows how they can be used to understand the portfolio choice problems of long-term investors.

Book Private Pensions

    Book Details:
  • Author : United States. General Accounting Office
  • Publisher :
  • Release : 1989
  • ISBN :
  • Pages : 52 pages

Download or read book Private Pensions written by United States. General Accounting Office and published by . This book was released on 1989 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Studies and Reports on Employee Benefit Plans

Download or read book Studies and Reports on Employee Benefit Plans written by and published by . This book was released on 1986 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Financial Status of the Pension Benefit Guaranty Corporation s Single Employer Insurance Program

Download or read book Financial Status of the Pension Benefit Guaranty Corporation s Single Employer Insurance Program written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Oversight and published by . This book was released on 1984 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Social Security Bulletin

Download or read book Social Security Bulletin written by and published by . This book was released on 1995 with total page 584 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Developments in Aging

    Book Details:
  • Author : United States. Congress. Senate. Special Committee on Aging
  • Publisher :
  • Release : 1984
  • ISBN :
  • Pages : 722 pages

Download or read book Developments in Aging written by United States. Congress. Senate. Special Committee on Aging and published by . This book was released on 1984 with total page 722 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Statistics of Income

Download or read book Statistics of Income written by and published by . This book was released on 1981 with total page 790 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Twenty Years of the Age Discrimination in Employment Act

Download or read book Twenty Years of the Age Discrimination in Employment Act written by United States. Congress. Senate. Special Committee on Aging and published by . This book was released on 1988 with total page 1100 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Employee Retirement Income Security Act

Download or read book Employee Retirement Income Security Act written by United States. Department of Labor and published by . This book was released on 1977 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Monthly Catalogue  United States Public Documents

Download or read book Monthly Catalogue United States Public Documents written by and published by . This book was released on 1983 with total page 1050 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book U S  Government Books

Download or read book U S Government Books written by and published by . This book was released on 1982 with total page 570 pages. Available in PDF, EPUB and Kindle. Book excerpt: