By Dimitry Mindlin
The paper presents a model that demonstrates the advantages of partial annuitization in the most straightforward manner. The paper also briefly discusses “the annuity puzzle”, a decades old problem.
Source: SSRN
By Arthur Korteweg, Stavros Panageas & Anand Systla We evaluate private equity (PE) performance using investor-specific stochastic discount factors, and examine whether investors... read more
By Michael Bates & Andrew C. Johnston Why do employers offer pensions? We empirically examine two theoretical rationales, namely that... read more
By Adair Morse & Parinitha R. Sastry Banks have voluntarily committed to align their lending portfolios with a net zero path toward... read more
By Charles Yuji Horioka This paper explores the determinants of the level of, and trends over time in, Japan’s household... read more
By Eduardo Nakasone, Máximo Torero & Angelino Viceisza Migrant remittances are significant but remain relatively costly to send. Policymakers have... read more
By Kevin S. Milligan & Tammy Schirle We evaluate the retirement incentives embedded in Canada’s retirement income system with attention... read more
By Organisation for Economic Co-operation and Development Over the past two decades, asset-backed pensions have become a key pillar of... read more
By Organisation for Economic Co-operation and Development Ageing populations, changing labour markets, and climate change are affecting economies and societies across... read more
By Noha Emara, Freddy Cama & Mohamed Trabelsi This paper explores the relationship between the informal sector and financial inclusion... read more
By Kristy Jansen, Sven Klingler, Angelo Ranaldo & Patty Duijm Pension funds rely on interest rate swaps to hedge the... read more
