Optimal Investment of DC Pension Plan under Incentive Schemes and Loss Aversion
نویسندگان
چکیده
منابع مشابه
Target-driven investing: Optimal investment strategies in defined contribution pension plans under loss aversion
Assuming the loss aversion framework of Tversky and Kahneman (1992), stochastic investment and labour income processes, and a path-dependent fund target, we show that the optimal investment strategy for defined contribution pension plan members is a target-driven ‘threshold’ strategy, whereby the equity allocation is increased if the accumulating fund is below target and is decreased if it is a...
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ژورنال
عنوان ژورنال: Mathematical Problems in Engineering
سال: 2020
ISSN: 1024-123X,1563-5147
DOI: 10.1155/2020/5145848