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Investment Risk and Pensions: Measuring Uncertainty in Returns

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Organisation for Economic Co-operation and Development2026-04-11 收录
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https://www.oecd.org/en/publications/investment-risk-and-pensions_224016838064.html
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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,...
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