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

Edmund Stuart Cannon and Ian Tonks ()

Bristol Economics Discussion Papers from Department 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)
New Economics Papers: this item is included in nep-mac and nep-rmg
Date: Written

Downloads: (external link)
http://www.efm.bris.ac.uk/economics/working_papers/pdffiles/dp09610.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:bri:uobdis:09/610

Access Statistics for this paper

More papers in Bristol Economics Discussion Papers from Department of Economics, University of Bristol, UK
Contact information at EDIRC.
Series data maintained by David Demery ().