Discounting Pension Liabilities: Funding versus Value
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https://www.nber.org/papers/w21276
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资源简介：
We argue that the appropriate discount rate for pension liabilities depends on the objective. In particular, if the objective is to measure pension under- or over- funding, a default-free discount rate should always be used, even if the liabilities are themselves not default-free. If, instead, the
提供机构：
美国国家经济研究局
创建时间：
2015-06-01
