Titlebook: Life Cycle Investing and Occupational Old-Age Provision in Switzerland; Florian Zainhofer Book 2008 Gabler Verlag | Springer Fachmedien Wi

clarify

凌辱

animated

Methodology: state-of-the-art,cial for Swiss workers if specific elements of choice were introduced to the second pillar of the Swiss system of old-age provision. An economic methodology is now sought to study this issue. This is the purpose of the present chapter.

Arctic

Illustration of life cycle portfolio choice for stylized Swiss investors,he estimation results can now be applied to calibrate any conceivable life cycle model of portfolio choice, as long as the specified labor income process corresponds to the estimated process (3.5) with (3.4) and with the distributional assumption that ε.; and . are iid normally distributed with mean zero and variances σ. and σ., respectively.

geometrician

Welfare analysis,-based nature of the system and thereby excludes the possibility of a free choice of pension fund or of opting out of the employer’s pension fund, but merely grants employees, insured under the mandatory BVG, flexibility with respect to the contribution and asset allocation decisions in their BVG account.

通便

recede

秘传

诱拐

APEX

Methodology: computational aspects,onditions existing solution approaches can be generalized to more complicated models, such as a model specifically adapted to study the problem derived in chapter 2. iii.) The chapter examines existing algorithms and proposes a self-made algorithm to solve life cycle models of portfolio choice.