Matches in SemOpenAlex for { <https://semopenalex.org/work/W1966841023> ?p ?o ?g. }
Showing items 1 to 78 of
78
with 100 items per page.
- W1966841023 endingPage "161" @default.
- W1966841023 startingPage "145" @default.
- W1966841023 abstract "Using stochastic modelling, we demonstrate that the best investment strategy for the accumulation phase of a defined contribution pension plan is one that limits the range of returns that are credited to the plan member's account. In particular, we show that with‐profit accumulation programmes which make use of a smoothing fund to smooth out returns over time dominate unit‐linked accumulation programmes. However, for the distribution phase, we show that it is hard in practice for an investment‐linked distribution programme to beat the income and security provided by a standard annuity, although we again find that, by avoiding extremely poor outcomes, with‐profit distribution programmes dominate unit‐linked distribution programmes. Return smoothing by means of a smoothing fund is therefore a valuable feature of any long‐term investment programme both during the accumulation and distribution phases." @default.
- W1966841023 created "2016-06-24" @default.
- W1966841023 creator A5055037773 @default.
- W1966841023 date "2003-04-01" @default.
- W1966841023 modified "2023-10-14" @default.
- W1966841023 title "Take (smoothed) risks when you are young, not when you are old: How to get the best from your pension plan" @default.
- W1966841023 cites W2120691036 @default.
- W1966841023 doi "https://doi.org/10.1093/imaman/14.2.145" @default.
- W1966841023 hasPublicationYear "2003" @default.
- W1966841023 type Work @default.
- W1966841023 sameAs 1966841023 @default.
- W1966841023 citedByCount "1" @default.
- W1966841023 countsByYear W19668410232012 @default.
- W1966841023 crossrefType "journal-article" @default.
- W1966841023 hasAuthorship W1966841023A5055037773 @default.
- W1966841023 hasConcept C10138342 @default.
- W1966841023 hasConcept C110121322 @default.
- W1966841023 hasConcept C134306372 @default.
- W1966841023 hasConcept C144133560 @default.
- W1966841023 hasConcept C162118730 @default.
- W1966841023 hasConcept C162324750 @default.
- W1966841023 hasConcept C175444787 @default.
- W1966841023 hasConcept C17744445 @default.
- W1966841023 hasConcept C181622380 @default.
- W1966841023 hasConcept C199539241 @default.
- W1966841023 hasConcept C27548731 @default.
- W1966841023 hasConcept C2780899237 @default.
- W1966841023 hasConcept C2991981721 @default.
- W1966841023 hasConcept C2992209059 @default.
- W1966841023 hasConcept C31972630 @default.
- W1966841023 hasConcept C33923547 @default.
- W1966841023 hasConcept C3770464 @default.
- W1966841023 hasConcept C41008148 @default.
- W1966841023 hasConcept C44465351 @default.
- W1966841023 hasConcept C76485209 @default.
- W1966841023 hasConcept C94625758 @default.
- W1966841023 hasConceptScore W1966841023C10138342 @default.
- W1966841023 hasConceptScore W1966841023C110121322 @default.
- W1966841023 hasConceptScore W1966841023C134306372 @default.
- W1966841023 hasConceptScore W1966841023C144133560 @default.
- W1966841023 hasConceptScore W1966841023C162118730 @default.
- W1966841023 hasConceptScore W1966841023C162324750 @default.
- W1966841023 hasConceptScore W1966841023C175444787 @default.
- W1966841023 hasConceptScore W1966841023C17744445 @default.
- W1966841023 hasConceptScore W1966841023C181622380 @default.
- W1966841023 hasConceptScore W1966841023C199539241 @default.
- W1966841023 hasConceptScore W1966841023C27548731 @default.
- W1966841023 hasConceptScore W1966841023C2780899237 @default.
- W1966841023 hasConceptScore W1966841023C2991981721 @default.
- W1966841023 hasConceptScore W1966841023C2992209059 @default.
- W1966841023 hasConceptScore W1966841023C31972630 @default.
- W1966841023 hasConceptScore W1966841023C33923547 @default.
- W1966841023 hasConceptScore W1966841023C3770464 @default.
- W1966841023 hasConceptScore W1966841023C41008148 @default.
- W1966841023 hasConceptScore W1966841023C44465351 @default.
- W1966841023 hasConceptScore W1966841023C76485209 @default.
- W1966841023 hasConceptScore W1966841023C94625758 @default.
- W1966841023 hasIssue "2" @default.
- W1966841023 hasLocation W19668410231 @default.
- W1966841023 hasOpenAccess W1966841023 @default.
- W1966841023 hasPrimaryLocation W19668410231 @default.
- W1966841023 hasRelatedWork W1499937544 @default.
- W1966841023 hasRelatedWork W2018343300 @default.
- W1966841023 hasRelatedWork W2038756063 @default.
- W1966841023 hasRelatedWork W2407294657 @default.
- W1966841023 hasRelatedWork W2477820256 @default.
- W1966841023 hasRelatedWork W2786692784 @default.
- W1966841023 hasRelatedWork W2912176275 @default.
- W1966841023 hasRelatedWork W4245200895 @default.
- W1966841023 hasRelatedWork W4283374119 @default.
- W1966841023 hasRelatedWork W2581271079 @default.
- W1966841023 hasVolume "14" @default.
- W1966841023 isParatext "false" @default.
- W1966841023 isRetracted "false" @default.
- W1966841023 magId "1966841023" @default.
- W1966841023 workType "article" @default.