FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W2168396385> ?p ?o ?g. }

• W2168396385 abstract "This paper applies contingent claim analysis to value pension contracts for real-life collective pension plans with intergenerational risk sharing and offering DB-like benefits. We rewrite the balance sheet of such a pension und as an aggregate of embedded generational options. This implies that a pension fund is a zero-sum game in value terms, so any policy change inevitably leads to value transfers between generations. We explore intergenerational value transfers that may arise from a plan redesign or from changes in funding policy and risk sharing rules. We develop a stochastic framework which accounts for time-varying investment opportunities and computes the embedded generational options. Changes in the values of the generational options enable us to evaluate the impact of policy modifications in the pension contract with respect to intergenerational transfers and redistribution. We find that a switch to a less risky asset mix is beneficial to elderly members at the expense of younger members who lose value. A reallocation of risk bearing from a plan with flexible contributions and fixed benefits to a plan with fixed contributions and flexible benefits leads to value redistribution from older plan members to younger ones." @default.
• W2168396385 created "2016-06-24" @default.
• W2168396385 creator A5040564263 @default.
• W2168396385 creator A5067691137 @default.
• W2168396385 date "2007-01-01" @default.
• W2168396385 modified "2023-09-25" @default.
• W2168396385 title "Valuation of Intergenerational Transfers in Funded Collective Pension Schemes" @default.
• W2168396385 cites W1509314261 @default.
• W2168396385 cites W1554842459 @default.
• W2168396385 cites W1586271902 @default.
• W2168396385 cites W1961069153 @default.
• W2168396385 cites W1969965438 @default.
• W2168396385 cites W2004541296 @default.
• W2168396385 cites W2046772481 @default.
• W2168396385 cites W2052192492 @default.
• W2168396385 cites W2078947104 @default.
• W2168396385 cites W2106291520 @default.
• W2168396385 cites W2108510503 @default.
• W2168396385 cites W2116629317 @default.
• W2168396385 cites W2147772008 @default.
• W2168396385 cites W2171793702 @default.
• W2168396385 cites W2291688673 @default.
• W2168396385 cites W2322851437 @default.
• W2168396385 cites W2484361073 @default.
• W2168396385 cites W2624897229 @default.
• W2168396385 cites W3121862195 @default.
• W2168396385 cites W3123247552 @default.
• W2168396385 cites W3124438330 @default.
• W2168396385 cites W3124539830 @default.
• W2168396385 cites W3124678335 @default.
• W2168396385 cites W3125049705 @default.
• W2168396385 cites W3125545638 @default.
• W2168396385 cites W3125636393 @default.
• W2168396385 cites W3125924823 @default.
• W2168396385 cites W42020118 @default.
• W2168396385 cites W4210661840 @default.
• W2168396385 cites W4229552583 @default.
• W2168396385 cites W4233021664 @default.
• W2168396385 doi "https://doi.org/10.2139/ssrn.942266" @default.
• W2168396385 hasPublicationYear "2007" @default.
• W2168396385 type Work @default.
• W2168396385 sameAs 2168396385 @default.
• W2168396385 citedByCount "12" @default.
• W2168396385 countsByYear W21683963852012 @default.
• W2168396385 countsByYear W21683963852013 @default.
• W2168396385 countsByYear W21683963852014 @default.
• W2168396385 crossrefType "journal-article" @default.
• W2168396385 hasAuthorship W2168396385A5040564263 @default.
• W2168396385 hasAuthorship W2168396385A5067691137 @default.
• W2168396385 hasBestOaLocation W21683963852 @default.
• W2168396385 hasConcept C100001284 @default.
• W2168396385 hasConcept C10138342 @default.
• W2168396385 hasConcept C119857082 @default.
• W2168396385 hasConcept C144133560 @default.
• W2168396385 hasConcept C145236788 @default.
• W2168396385 hasConcept C162118730 @default.
• W2168396385 hasConcept C162324750 @default.
• W2168396385 hasConcept C175444787 @default.
• W2168396385 hasConcept C17744445 @default.
• W2168396385 hasConcept C186027771 @default.
• W2168396385 hasConcept C199539241 @default.
• W2168396385 hasConcept C2776291640 @default.
• W2168396385 hasConcept C2780899237 @default.
• W2168396385 hasConcept C2991981721 @default.
• W2168396385 hasConcept C38652104 @default.
• W2168396385 hasConcept C41008148 @default.
• W2168396385 hasConcept C74080474 @default.
• W2168396385 hasConcept C76178495 @default.
• W2168396385 hasConcept C94625758 @default.
• W2168396385 hasConceptScore W2168396385C100001284 @default.
• W2168396385 hasConceptScore W2168396385C10138342 @default.
• W2168396385 hasConceptScore W2168396385C119857082 @default.
• W2168396385 hasConceptScore W2168396385C144133560 @default.
• W2168396385 hasConceptScore W2168396385C145236788 @default.
• W2168396385 hasConceptScore W2168396385C162118730 @default.
• W2168396385 hasConceptScore W2168396385C162324750 @default.
• W2168396385 hasConceptScore W2168396385C175444787 @default.
• W2168396385 hasConceptScore W2168396385C17744445 @default.
• W2168396385 hasConceptScore W2168396385C186027771 @default.
• W2168396385 hasConceptScore W2168396385C199539241 @default.
• W2168396385 hasConceptScore W2168396385C2776291640 @default.
• W2168396385 hasConceptScore W2168396385C2780899237 @default.
• W2168396385 hasConceptScore W2168396385C2991981721 @default.
• W2168396385 hasConceptScore W2168396385C38652104 @default.
• W2168396385 hasConceptScore W2168396385C41008148 @default.
• W2168396385 hasConceptScore W2168396385C74080474 @default.
• W2168396385 hasConceptScore W2168396385C76178495 @default.
• W2168396385 hasConceptScore W2168396385C94625758 @default.
• W2168396385 hasLocation W21683963851 @default.
• W2168396385 hasLocation W21683963852 @default.
• W2168396385 hasOpenAccess W2168396385 @default.
• W2168396385 hasPrimaryLocation W21683963851 @default.
• W2168396385 hasRelatedWork W1608418065 @default.
• W2168396385 hasRelatedWork W2252930464 @default.
• W2168396385 hasRelatedWork W2378671831 @default.
• W2168396385 hasRelatedWork W2475506644 @default.
• W2168396385 hasRelatedWork W2487461031 @default.
• W2168396385 hasRelatedWork W2573514530 @default.
• W2168396385 hasRelatedWork W623814363 @default.
• W2168396385 hasRelatedWork W654948417 @default.

• next