Risk sharing and efficiency implications of progressive pension arrangements

Financing for Healthcare in Sub-Saharan Africa and South Asia: Risk Pooling & Risk-Sharing Arrangements; Essential Strategy for Overcoming Poverty Costs

Granting Exit Option to the Insureds of the Iran Social Security Organization’s (ISSO) Pension Fund and its Impact on the Fund’s Sustainability

Collective pension funds have many advantages including larger risk pool and the possibility of interpersonal and intergenerational risk sharing, as well as economies of scale and lower administrative costs. For decades, however, this has been achieved through mandatory participation, while this traditional and mandatory form of contribution is no longer commensurate with the future of work. In...

Pension Plan Funding, Risk Sharing and Technology Choice

The paper presents an analysis of the impact of pension plan funding on workers’ saving and portfolio behaviour. It shows that the impact of pension plan funding and asset allocation on the economy’s technology choices depends upon the constraints facing worker’s in the capital market. The failure of equivalence propositions between defined benefit and defined contribution pension plans derives...

Academic Repository ) Intergenerational risk sharing within funded pension schemes

We study risk sharing between generations for a variety of realistic collective funded pension schemes, where pension benefits and contributions may depend on the funding ratio and the asset returns. The collective pension schemes organizing intergenerational risk sharing are optimized with respect to the generosity of pension benefits, the asset allocation and the risk allocation rules. We per...

A comparative analysis of mandated private pension arrangements

Purpose – According to one influential set of arguments, the privatization of public pensions has been informed by neoliberalism, and has thus been an integral element of a broader program of welfare retrenchment, which is inconsistent with social cohesion. The paper aims to take issue with this negative characterization of pensions privatization. Design/methodology/approach – The argument is i...