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Pension Reform, Investment Restrictions and Capital Markets
11 references·4 citing·43 second hop
Pension Reform, Investment Restrictions and Capital Markets (2004)Pension Reform, Investment Restrictions a…The Impact of Contractual Savings Institutions on Securities Markets (2003)The Impact of Contractual Sav…The Gains from Pension Reform (2003)The Gains from Pension ReformThe World Bank Approach to Pension Reform (2000)The World Bank Approach to Pe…Contractual savings or stock market development: which leads? (2000)Contractual savings or stock …Global Stock Markets in the Twentieth Century (1999)Global Stock Markets in the T…Pension FundsRetirement-Income Security and Capital Markets: An International Perspective (1998)Pension FundsRetirement-Incom…After Chile, What? Second-Round Pension Reforms in Latin America (1997)After Chile, What? Second-Rou…Pension Funds: Retirement-Income Security and Capital Markets. (1995)Pension Funds: Retirement-Inc…An Asset Allocation Puzzle (1994)An Asset Allocation PuzzleSocial Security reforms (1986)Social Security reformsLiquidity Preference as Behavior Towards Risk (1958)Liquidity Preference as Behav…Institutional and individual investors: Saving for old age (2017)Institutional and individual …Aging Population, Pension Funds, and Financial Markets (2009)Aging Population, Pension Fun…The Capital Markets of Emerging Europe (2008)The Capital Markets of Emergi…Latin American Economic Outlook 2008 (2007)Latin American Economic Outlo…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Variable Selection for Portfolio Choice (2001)Dynamic Asset Allocation under Inflation (2002)Time Horizon, Costs of Equity Capital, and Generic Investment Strategies of Firms (2007)Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations (1991)Another look at the instrumental variable estimation of error-components models (1995)Initial conditions and moment restrictions in dynamic panel data models (1998)INSURANCE AND REAL OUTPUT: THE KEY ROLE OF BANKING ACTIVITIES (2011)Deconstructing Herding: Evidence from Pension Fund Investment Behavior (2012)Does insurance activity promote economic growth? Further evidence based on bootstrap panel Granger causality test (2013)An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money (1958)Modernization and Postmodernization: Cultural, Economic, and Political Change in 43 Societies (1997)Time Discounting and Time Preference: A Critical Review (2002)Keeping the Promise of Social Security in Latin America (2004)Social Security (2004)Old Age Income Support in the 21st century: An International Perspective on Pension Systems and Reform (2005)The equity premium: A puzzle (1985)Habit Formation: A Resolution of the Equity Premium Puzzle (1990)Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: An Empirical Analysis (1991)A Century of Stock Market Liquidity and Trading Costs (2002)Asset Pricing with Heterogeneous Consumers and Limited Participation: Empirical Evidence (2002)Dynamic Asset Allocation with Event Risk (2003)Pension Reform, Financial Market Development, and Economic Growth: Preliminary Evidence from Chile (1997)Pension Reform in Europe (2003)Social security programs and retirement around the world (2004)Social Security Reform in Turkey: A Critical Perspective (2008)Pension Reforms in Europe: How Far Have We Come and Gone? (2021)Developments in Pensions (2000)The Chilean Pension Reform Turns 25: Lessons from the Social Protection Survey (2006)Destabilizing Financial Advice: Evidence from Pension Fund Reallocations (2018)Labor Markets in Developing Countries: An Agenda for Research (1997)The Hungarian pension system in transition (1998)Fiscal cost of demographic transition in Japan (2015)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Risk, Return, and Equilibrium: Empirical Tests (1973)Partisan Competition and Welfare State Retrenchment (2001)A Child‐Centred Social Investment Strategy (2002)Towards the Good Society, Once Again? (2002)Do occupational pension funds monitor companies in which they hold large stakes? (2000)Optimal management under stochastic interest rates: the case of a protected defined contribution pension fund (2001)Reforming Early Retirement in Europe, Japan and the USA (2006)
this work references cited by second hop

References

  • 1958Liquidity Preference as Behavior Towards Risk3,916 cited
  • 1999Global Stock Markets in the Twentieth Century515 cited
  • 2003The Gains from Pension Reform428 cited
  • 1994An Asset Allocation Puzzle423 cited
  • 1998Pension FundsRetirement-Income Security and Capital Markets: An International Perspective315 cited
  • 2000The World Bank Approach to Pension Reform171 cited
  • 1995Pension Funds: Retirement-Income Security and Capital Markets.122 cited
  • 1986Social Security reforms120 cited
  • 2003The Impact of Contractual Savings Institutions on Securities Markets103 cited
  • 1997After Chile, What? Second-Round Pension Reforms in Latin America51 cited
  • 2000Contractual savings or stock market development: which leads?46 cited

Cited by

  • 2008The Capital Markets of Emerging Europe28 cited
  • 2017Institutional and individual investors: Saving for old age26 cited
  • 2009Aging Population, Pension Funds, and Financial Markets25 cited
  • 2007Latin American Economic Outlook 200817 cited

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