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Lifecycle Funds and Wealth Accumulation for Retirement: Evidence for a More Conservative Asset Allocation as Retirement Approaches
https://doi.org/10.24545/00001015
https://doi.org/10.24545/00001015f8bcd949-9c2d-4e2f-b89b-6d62dc305487
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
DP09-15.pdf (188.2 kB)
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| Item type | ディスカッションペーパー / Discussion Paper(1) | |||||||
|---|---|---|---|---|---|---|---|---|
| 公開日 | 2009-10-01 | |||||||
| タイトル | ||||||||
| タイトル | Lifecycle Funds and Wealth Accumulation for Retirement: Evidence for a More Conservative Asset Allocation as Retirement Approaches | |||||||
| 言語 | en | |||||||
| 言語 | ||||||||
| 言語 | eng | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | lifecycle funds | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | target date funds | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | retirement planning | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | asset allocation | |||||||
| 資源タイプ | ||||||||
| 資源タイプ | technical report | |||||||
| ID登録 | ||||||||
| ID登録 (DOI) | 10.24545/00001015 | |||||||
| ID登録タイプ | JaLC | |||||||
| 著者 |
PFAU, Wade D.
× PFAU, Wade D.
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| 著者所属 | ||||||||
| 値 | 政策研究大学院大学 / National Graduate Institute for Policy Studies | |||||||
| 分野 | ||||||||
| 内容記述タイプ | Other | |||||||
| 内容記述 | 経済学 / Economics | |||||||
| 抄録 | ||||||||
| 内容記述タイプ | Abstract | |||||||
| 内容記述 | A line of recent studies cast doubt on the efficacy of the lifecycle investment strategy, which calls for switching into a more conservative investment portfolio as retirement approaches, as a suitable way to provide for the retirement needs of workers with defined-contribution pensions. After comparing simulation outcomes for lifecycle and fixed asset allocation strategies, we determine that the lifecycle strategy can be justified even in a framework including only financial wealth. We find that investors with very reasonable amounts of risk aversion may prefer the lifecycle approach, despite the tendency for aggressive fixed allocation strategies to produce larger expected wealth. | |||||||
| 内容記述 | ||||||||
| 内容記述タイプ | Other | |||||||
| 内容記述 | JEL Classification Codes: D14, D81, G11, G23 | |||||||
| 発行年 | ||||||||
| 値 | 2009-10 | |||||||
| 書誌情報 |
en : GRIPS Discussion Papers Report No. DP09-15, 発行日 2009-10-01 |
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| 出版者 | ||||||||
| 出版者 | GRIPS Policy Research Center | |||||||
| 言語 | en | |||||||
| 関連サイト | ||||||||
| 関連タイプ | isIdenticalTo | |||||||
| 識別子タイプ | URI | |||||||
| 関連識別子 | https://ideas.repec.org/p/ngi/dpaper/09-15.html | |||||||
| 関連名称 | https://ideas.repec.org/p/ngi/dpaper/09-15.html | |||||||
| 著者版フラグ | ||||||||
| 出版タイプ | AM | |||||||
| 出版タイプResource | http://purl.org/coar/version/c_ab4af688f83e57aa | |||||||
