The Role of ТLoss AversionУ in the Creation of Optimal Pension AccumulationsХ Investment Strategy

Yulia A. Dormidontova () and Antonina A. Tikhonova ()
Additional contact information
Yulia A. Dormidontova: Russian Presidential Academy of National Economy and Public Administration (RANEPA), Moscow 119571, Russia
Antonina A. Tikhonova: Russian Presidential Academy of National Economy and Public Administration (RANEPA), Moscow 119571, Russia

Finansovyj žhurnal — Financial Journal, 2014, issue 1, 123-128

Abstract: The share of pension expenditure in the gross domestic product (GDP) and in the public spending has significantly increased in recent years. For this reason the role of the optimal strategy of investing pension savings is growing as well. This paper examines the impact of Тloss aversionУ on the formation of investment strategies of pension savings by pension market participants. As foreign experience shows, the best in such conditions is a threshold strategy in which the pension actors and market participants set a certain target level of pension savings.

Keywords: Тloss aversionУ; investment of pension accumulations; foreign experience; market of pension products (search for similar items in EconPapers)
JEL-codes: I38 J26 J32 (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.nifi.ru/images/FILES/Journal/Archive/2014/1/13_1_2014.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: https://EconPapers.repec.org/RePEc:fru:finjrn:140113:p:123-128

Access Statistics for this article

Finansovyj žhurnal — Financial Journal is currently edited by Vladimir S. Nazarov

More articles in Finansovyj žhurnal — Financial Journal from Financial Research Institute, Moscow 125375, Russia Contact information at EDIRC.
Bibliographic data for series maintained by Gennady Ageev ().