Asset Allocation Decisions for Public Pension Systems : Theory and Practice

公共养老金制度的资产配置决策：理论与实践

• 批准号: 20730179
• 负责人: PFAU WadeD.
• 金额: $ 2.66万
• 依托单位: National Graduate Institute for Policy Studies
• 依托单位国家: 日本
• 项目类别: Grant-in-Aid for Young Scientists (B)
• 财政年份: 2008
• 资助国家: 日本
• 起止时间: 2008 至 2010
• 项目状态: 已结题
• 来源: https://kaken.nii.ac.jp/grant/KAKENHI-PROJECT-20730179/
• 关键词: Asset allocation; defined-contribution pensions; international diversification; retirement planning; pension; asset; allocation; international; diversification; Pension; Asset; Allocation; International; Diversification

This research project resulted in a number of published research papers about asset allocation issues for pension funds, and related retirement planning issues. An underlying theme for the research is "goals-based investing" in which pension funds focus on the dynamics of wealth accumulation and withdrawals over long periods of time. The research considered important issues such as the role of international diversification for pension funds in emerging market countries, the role of lifecycle asset allocation strategies that reduce investments in stocks as the retirement date approaches, the characteristics of real-life workers that are relevant to the assumptions used in such studies, and effective withdrawal strategies during the retirement period.

该研究项目发表了多篇关于养老基金资产配置问题及相关退休规划问题的研究论文。这项研究的一个基本主题是“基于目标的投资”，在这种投资中，养老基金关注的是长期财富积累和提取的动态。该研究考虑了一些重要问题，如新兴市场国家养老基金的国际多元化作用、随着退休日期临近而减少股票投资的生命周期资产配置策略的作用、与此类研究中使用的假设相关的现实工作者的特征，以及退休期间的有效提款策略。

项目成果

An Optimizing Framework for the Glide Paths of Lifecyle Asset Allocation Funds.

生命周期资产配置基金滑行路径的优化框架。

• 发表时间: 2011
• 期刊: Applied Economic Letters. Vol.18, No.1
• 作者: Pfau;W.D.
• 通讯作者: W.D.

The Impact of the National Pension Fund on the Suitability of Ely Pensions in Thailand

国家养老基金对泰国伊利养老金适用性的影响

• 发表时间: 2009
• 期刊: Asian Economic Journal 23(1)
• 作者: Nadhem Mtimet;Kiyokazu Ujiie;Kenichi Kashiwagi;Lokman Zaibet;Masakazu Nagaki;朝日ちさと;Wade D. Pfau V. Atisophon
• 通讯作者: Wade D. Pfau V. Atisophon

The Impact of the National Pension Fund on the Suitability of Elderly Pensions in Thailand

国家养老基金对泰国老年人养老金适用性的影响

• 发表时间: 2009
• 期刊: Asian Economic Journal Vol.23,No.1
• 作者: Pfau;Wade D.;and Vararat Atisophon
• 通讯作者: and Vararat Atisophon

Reforming Pension Funds in Sri Lanka: International Diversification and the Employees' Provident Fund

斯里兰卡养老基金改革：国际多元化和雇员公积金

• 发表时间: 2012
• 期刊: Australian Economic Papers
• 影响因子: 1.9
• 作者: Kumara;A. S.;and W. D. Pfau
• 通讯作者: and W. D. Pfau

The Role of International Diversification in Public Pension Systems : The Case of Pakistan

国际多元化在公共养老金体系中的作用：巴基斯坦的案例

• 发表时间: 2009
• 期刊: Economic Issues(Part2)(forthcoming) Vol.14
• 作者: Pfau;Wade D.
• 通讯作者: Wade D.