Pension Fund Economics and Finance: Efficiency, Investments and Risk-Taking (Record no. 1626)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 02585 a2200205 4500 |
| 003 - CONTROL NUMBER IDENTIFIER | |
| control field | OSt |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20190321100234.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 190219b ||||| |||| 00| 0 eng d |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER | |
| International Standard Book Number | 9781138656802 |
| 040 0# - CATALOGING SOURCE | |
| Transcribing agency | IIMV |
| 082 0# - DEWEY DECIMAL CLASSIFICATION NUMBER | |
| Classification number | 332.67254 |
| 245 ## - TITLE STATEMENT | |
| Title | Pension Fund Economics and Finance: Efficiency, Investments and Risk-Taking |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Name of publisher, distributor, etc. | Routledge, |
| Place of publication, distribution, etc. | New York, |
| Date of publication, distribution, etc. | 2018. |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | xv, 256 pages; |
| Other physical details | illustrations: |
| Dimensions | 24 cm. |
| 505 ## - FORMATTED CONTENTS NOTE | |
| Formatted contents note | Introduction<br/>A scale-economy<br/>The impact of scale complexity and service quality on<br/>Cost differences between pension funds and life insurers<br/>Implications for longterm<br/>Pension fund investment policy risktaking ageing<br/>Investor sophistication and risktaking<br/>Investment risktaking by institutional investors<br/>Measuring and explaining implicit risk sharing in defined<br/>Utilityequivalence of pension security mechanisms<br/>Copyright |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | Pension fund benefits are crucial for pensioners’ welfare and pension fund savings have accumulated to huge amounts, covering a major part of world-wide institutional investments. However, the literature on pension fund economics and finance is rather limited, caused, in part, to limited data availability. This book contributes to this literature and focuses on three important areas. The first is pension fund (in)efficiency, which has a huge impact on final benefits, particularly when annual spoilage accumulates over a lifetime. Scale economies, pension plans complexity and alternative pension saving plans are important issues.<br/><br/>The second area is investment behavior and risk-taking. A key question refers to the allocation of investments over high risk/high return and relatively safe assets. Bikker investigates whether pension funds follow the life-cycle hypothesis: more risk and return for pension funds with young participants. Many pension funds are rather limited in size, which may raise the question how financially sophisticated the pension fund decision makers are: rather professionals or closer to unskilled private persons?<br/><br/>The third field concerns two regulation issues. How do pension fund respond to shocks such as unexpected investment returns or changes in life expectancy? What are the welfare implications to the beneficiary for different methods of securing pension funding: solvency requirements, a pension guarantee fund, or sponsor support?<br/><br/>This groundbreaking book will challenge the way pension fund economics is thought about and practiced. |
| 650 0# - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Business & Economics |
| 9 (RLIN) | 926 |
| 700 ## - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Jacob A. Bikker |
| Dates associated with a name | [Editor] |
| 9 (RLIN) | 922 |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Source of classification or shelving scheme | Dewey Decimal Classification |
| Koha item type | Book |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Collection code | Home library | Current library | Shelving location | Date acquired | Source of acquisition | Total Checkouts | Full call number | Barcode | Date last seen | Cost, replacement price | Price effective from | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dewey Decimal Classification | Reference | Indian Institute of Management Visakhapatnam | Indian Institute of Management Visakhapatnam | General | 02/19/2019 | 3 | 330 BIK | 001075 | 02/19/2019 | 11400.00 | 02/19/2019 | Book |