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Optimal mix between pay-as-you-go and funding for DC pension schemes in an overlapping generations model
16 references·3 citing·44 second hop
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References

  • 1973The Pricing of Options and Corporate Liabilities29,064 cited
  • 1958An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money3,538 cited
  • 1979Approximating Expected Utility by a Function of Mean and Variance874 cited
  • 2000Stock Market Wealth and Consumption702 cited
  • 2008Modern Actuarial Risk Theory661 cited
  • 1966The Social Insurance Paradox637 cited
  • 2003Triumph of the optimists: 101 years of global investment returns585 cited
  • 1984Mean-Variance Versus Direct Utility Maximization527 cited
  • 2003The Gains from Pension Reform428 cited
  • 2006Optimal Portfolio Allocation under Higher Moments411 cited
  • 2001Demographic Structure and Asset Returns410 cited
  • 1977A framework for social security analysis409 cited
  • 2001Optimal positioning in derivative securities382 cited
  • 1996The Missing Piece in Policy Analysis: Social Security Reform366 cited
  • 2005Stochastic lifestyling: Optimal dynamic asset allocation for defined contribution pension plans309 cited
  • 2002Modern Actuarial Risk Theory

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282 cited

Cited by

  • 2019Optimal investment strategies and risk-sharing arrangements for a hybrid pension plan27 cited
  • 2024Pension system design: roles and interdependencies of tax-financed and funded pensions22 cited
  • 2020Assessing the Sustainability of China’s Basic Pension Funding for Urban and Rural Residents19 cited