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Asset Allocation for the Pakistan Pension System: A Role for International Diversification?
https://grips.repo.nii.ac.jp/records/976
https://grips.repo.nii.ac.jp/records/97654030d87-4385-4ae3-b52b-b2349e986a54
| Item type | ディスカッションペーパー / Discussion Paper(1) | |||||||
|---|---|---|---|---|---|---|---|---|
| 公開日 | 2007-10-01 | |||||||
| タイトル | ||||||||
| タイトル | Asset Allocation for the Pakistan Pension System: A Role for International Diversification? | |||||||
| 言語 | en | |||||||
| 言語 | ||||||||
| 言語 | eng | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | pension | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | asset allocation | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | financial markets | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | Asia | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | Pakistan | |||||||
| 資源タイプ | ||||||||
| 資源タイプ | technical report | |||||||
| アクセス権 | ||||||||
| アクセス権 | metadata only access | |||||||
| 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 | Pakistan’s pension system is in the process of increasing funding in anticipation of providing for a growing elderly population. Regulations require that these pension assets be invested domestically. In this paper, we quantify how diversification of the pension funds to include world financial assets could help a great deal in improving the sustainability of Pakistan pensions by simultaneously increasing expected returns and decreasing volatility. These arguments are made using historical data, and the robustness of our findings is demonstrated using a large variety of alternative assumptions about future asset returns, risks, and correlations. | |||||||
| 内容記述 | ||||||||
| 内容記述タイプ | Other | |||||||
| 内容記述 | JEL Classification Codes: H55, G11, G23 | |||||||
| 発行年 | ||||||||
| 値 | 2007-10 | |||||||
| 書誌情報 |
en : GRIPS Discussion Papers Report No. DP07-06, 発行日 2007-10-01 |
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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/07-06.html | |||||||
| 関連名称 | https://ideas.repec.org/p/ngi/dpaper/07-06.html | |||||||
