Managing Contribution and Capital Market Risk in a Funded Public Defined Benefit Plan: Impact of CVaR Cost Constraints
收藏NBER2008-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w14332
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资源简介：
Using a Monte Carlo framework, we analyze the risks and rewards of moving from an unfunded defined benefit pension system to a funded plan for German civil servants, allowing for alternative strategic contribution and investment patterns. In the process we integrate a Conditional Value at Risk (CVaR
提供机构：
美国国家经济研究局
创建时间：
2008-09-01
