Investment Risk and Pensions: Measuring Uncertainty in Returns
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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This paper explores how uncertainty over investment returns affects pension systems. This issue is
becoming more important because of the dramatic spread of defined-contribution pension provision around
the world. It has also been highlighted by the recent financial crisis: the OECD estimates that pension
funds lost 23% of their value in 2008,...



