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Personal Pension Plans and Stock Market Volatility

Personal Pension Plans and Stock Market Volatility PDF Author: Max Alier
Publisher: World Bank Publications
ISBN:
Category : America Latina - Seguridad social
Languages : en
Pages : 58

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Book Description
Personal pension plans transfer investment risk to participating workers and expose them to the volatility of financial returns. Simple financial strategies lower the volatility of replacement rates but at a significant cost in terms of lower replacement rates. The purchase of valuable annuities reduces the dispersion of replacement rates across generations without lowering their level.