This article shows how valuation techniques for pension liabilities in risk-sharing pension
plans affect the distribution of wealth between generations. Some techniques in use today …

New accounting rules and increased scarcity of risk capital have led to growing pressure on
corporations to shift pension plan risk from employers to participants. This implies a shift …

In this paper we use a scenario-based ALM model to study the effects on the riskreturn profile
of defined benefit pension funds from including options in the pension fund portfolio. Our …

This article explains why and how maturing defined benefit pension plans become increasingly
unstable if they maintain asset mix policies that embody material mismatch risk between …

Interest rates are currently at a historical low. Since in the longer run interest rates will return
to their historical average, this implies that bond prices are about to fall. Popular investment …

In this paper we use a scenario-based ALM model to study the impact of different interest
rate derivatives strategies on the risk-return profile of a defined benefit pension fund. The …

In this paper we use a scenario-based ALM model to study the effects on the risk-return profile
of defined benefit pension funds from including options in the pension fund portfolio. Our …

In the contemporary economic and political arena, one of the research areas of most acute
concern is the problem of the demographic landslide and its possible disconcerting …

Many school health promotion curricula address a single health behavior, without paying
attention to potential learning effects in associated behavioral domains. We developed an …

Interest rates are currently at a historical low. Since in the longer run interest rates will return
to their historical average, this implies that bond prices are about to fall. Popular investment …