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Rethinking Pension Reform
16 references·7 citing·31 second hop
Rethinking Pension Reform (2004)Rethinking Pension ReformWorld Population Prospects The 2006 Revision (2007)World Population Prospects Th…The Shrinking Equity Premium (1999)The Shrinking Equity PremiumThe rate of return to corporate capital and factor shares: new estimates using revised national income accounts and capital stock data (1998)The rate of return to corpora…Pension FundsRetirement-Income Security and Capital Markets: An International Perspective (1998)Pension FundsRetirement-Incom…The Missing Piece in Policy Analysis: Social Security Reform (1996)The Missing Piece in Policy A…Aging Populations and Public Pension Schemes (1996)Aging Populations and Public …Stocks for the Long Run (1994)Stocks for the Long RunLabor supply flexibility and portfolio choice in a life cycle model (1992)Labor supply flexibility and …Downside risk (1991)Downside riskDeterminants of Portfolio Performance II: An Update (1991)Determinants of Portfolio Per…Optimum Social Security in a Life-Cycle Growth Model (1975)Optimum Social Security in a …The Social Insurance Paradox (1966)The Social Insurance ParadoxCAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)CAPITAL ASSET PRICES: A THEOR…The Cost of Capital, Corporation Finance and the Theory of Investment (1958)The Cost of Capital, Corporat…Liquidity Preference as Behavior Towards Risk (1958)Liquidity Preference as Behav…PORTFOLIO SELECTION* (1952)PORTFOLIO SELECTION*Influencing factors analysis and development trend prediction of population aging in Wuhan based on TTCCA and MLRA-ARIMA (2021)Influencing factors analysis …Factors Influencing Informal Sector Workers’ Contribution to Pension Scheme in the Tamale Metropolis of Ghana (2015)Factors Influencing Informal …How best to measure pension adequacy (2013)How best to measure pension a…The Political Economy of the Welfare State in Latin America: Globalization, Democracy, and Development (2012)The Political Economy of the …Pensions and Intergenerational Risk‐sharing in General Equilibrium (2008)Pensions and Intergenerationa…Dealing With the New Giants: Rethinking the Role of Pension Funds (2006)Dealing With the New Giants: …Pension Reform in the New EU Member States: Will a Three-Pillar Pension System Work? (2005)Pension Reform in the New EU …DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES (1956)Law and Finance (1998)The financial analysts journal (1960)The journal of financial economics (1993)Learning to trade via direct reinforcement (2001)Does the choice of performance measure influence the evaluation of hedge funds? (2007)Blind to carbon risk? An analysis of stock market reaction to the Paris Agreement (2020)WHY THE SOCIAL INSURANCE BUDGET IS TOO LARGE IN A DEMOCRACY (1975)On the Intergenerational Pareto Efficiency of Pay-as-you-go Financed Pension Systems (1989)The Welfare State as Piggy Bank (2001)The Pricing of Options and Corporate Liabilities (1973)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Common risk factors in the returns on stocks and bonds (1993)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Risk, Return, and Equilibrium: Empirical Tests (1973)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)Institutional trades and intraday stock price behavior (1993)Does Asset Allocation Policy Explain 40, 90, or 100 Percent of Performance? (2000)Beyond Greed and Fear (2002)Global Stock Markets in the Twentieth Century (1999)A multivariate model of strategic asset allocation (2002)Sources of Lifetime Inequality (2011)Portfolio Choice and Asset Prices: The Importance of Entrepreneurial Risk (2000)Strategic Asset Allocation (2002)Portfolio Choice in the Presence of Housing (2004)The Emergence of Lowest‐Low Fertility in Europe During the 1990s (2002)Geographic Variations in Health Care (2014)Understanding factors influencing the adoption of mHealth by the elderly: An extension of the UTAUT model (2017)Conditional value-at-risk for general loss distributions (2002)Optimal Versus Naive Diversification: How Inefficient is the 1/ N Portfolio Strategy? (2007)The relationship between corporate social responsibility and shareholder value: an empirical test of the risk management hypothesis (2008)
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References

  • 1964CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK*19,431 cited
  • 1958The Cost of Capital, Corporation Finance and the Theory of Investment14,494 cited
  • 1952PORTFOLIO SELECTION*13,480 cited
  • 2007World Population Prospects The 2006 Revision7,865 cited
  • 1958Liquidity Preference as Behavior Towards Risk3,916 cited
  • 1992Labor supply flexibility and portfolio choice in a life cycle model1,136 cited
  • 1966The Social Insurance Paradox637 cited
  • 1991Determinants of Portfolio Performance II: An Update634 cited
  • 1991Downside risk604 cited
  • 1994Stocks for the Long Run567 cited
  • 1996The Missing Piece in Policy Analysis: Social Security Reform366 cited
  • 1998Pension FundsRetirement-Income Security and Capital Markets: An International Perspective315 cited
  • 1975Optimum Social Security in a Life-Cycle Growth Model297 cited
  • 1998The rate of return to corporate capital and factor shares: new estimates using revised national income accounts and capital stock data200 cited
  • 1999The Shrinking Equity Premium195 cited
  • 1996

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Aging Populations and Public Pension Schemes
194 cited

Cited by

  • 2012The Political Economy of the Welfare State in Latin America: Globalization, Democracy, and Development136 cited
  • 2008Pensions and Intergenerational Risk‐sharing in General Equilibrium74 cited
  • 2006Dealing With the New Giants: Rethinking the Role of Pension Funds49 cited
  • 2013How best to measure pension adequacy30 cited
  • 2015Factors Influencing Informal Sector Workers’ Contribution to Pension Scheme in the Tamale Metropolis of Ghana21 cited
  • 2005Pension Reform in the New EU Member States: Will a Three-Pillar Pension System Work?21 cited
  • 2021Influencing factors analysis and development trend prediction of population aging in Wuhan based on TTCCA and MLRA-ARIMA14 cited