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Rethinking Pension Reform
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Rethinking Pension Reform (2004)Rethinking Pension ReformWorld Population Prospects The 2006 Revision (2007)World Population Prospects Th…Individual Risk in an Investment-Based Social Security System (2001)Individual Risk in an Investm…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…The Transition Path in Privatizing Social Security (1996)The Transition Path in Privat…The Missing Piece in Policy Analysis: Social Security Reform (1996)The Missing Piece in Policy A…Proposals to Restructure Social Security (1996)Proposals to Restructure Soci…Aging Populations and Public Pension Schemes (1996)Aging Populations and Public …Would Privatizing Social Security Raise Economic Welfare? (1995)Would Privatizing Social Secu…Labor 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 ParadoxLiquidity Preference as Behavior Towards Risk (1958)Liquidity Preference as Behav…PORTFOLIO SELECTION* (1952)PORTFOLIO SELECTION*An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money (1958)Welfare Implications of the Taxation of Savings (1980)The Theory of Taxation and Public Economics (2011)Utility Analysis and the Consumption Function: An Interpretation of Cross-Section Data (2013)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)THE GOLDEN RULE OF ACCUMULATION: A FABLE FOR GROWTHMEN (1980)Assessing Dynamic Efficiency: Theory and Evidence (1989)NBER macroeconomics annual 1987 (1989)The Corporate Cost of Capital and the Return on Corporate Investment (1999)Smart Cities: Quality of Life, Productivity, and the Growth Effects of Human Capital (2005)The Return to Capital in China (2006)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)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)Urban Diversity and Economic Growth (1998)Growth effects of government expenditure and taxation in rich countries (2001)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

  • 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
  • 1996The Missing Piece in Policy Analysis: Social Security Reform366 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
  • 1996Aging Populations and Public Pension Schemes194 cited
  • 1996The Transition Path in Privatizing Social Security176 cited
  • 1995Would Privatizing Social Security Raise Economic Welfare?146 cited
  • 1996Proposals to Restructure Social Security132 cited
  • 2001Individual Risk in an Investment-Based Social Security System

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