The Value and Risk of Defined Contribution Pension Schemes: International Evidence

Edmund Cannon and Ian Tonks

Bristol Economics Discussion Papers from School of Economics, University of Bristol, UK

Abstract: Using data on historical returns on international financial assets, the paper simulates pension fund and pension replacement ratios, building up frequency distributions of these ratios for individuals saving in a defined contribution pension plan in different countries. These frequency distributions illustrate the risk in the pension replacement ratio faced by an individual who saves in a typical defined contribution pension scheme.

Keywords: Risks; Defined contribution pension schemes; pension replacement ratio. (search for similar items in EconPapers)
JEL-codes: E62 G14 H55 (search for similar items in EconPapers)
Pages: 40 pages
Date: 2009-07
New Economics Papers: this item is included in nep-mac and nep-rmg
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: The Value and Risk of Defined Contribution Pension Schemes: International Evidence (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:bri:uobdis:09/610

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