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Table of contents (8 chapters)
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Front Matter
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Back Matter
Keywords
About this book
Florian Zainhofer uses the theory of life cycle investing, i.e. how we should optimally choose our savings rate and risky asset share throughout our lives, as a framework to study the implications of a potential BVG individualization. Following an introduction on the Swiss system of old-age provision, the author reviews recent life cycle models of portfolio choice and covers their numerical solution algorithms in depth. He presents an empirical analysis of Swiss workers’ earnings dynamics since these are important determinants of life cycle investment behavior. To further investigate the implications of a flexible contribution rate and risky asset share in the mandatory BVG, the author proposes a model adapted to Swiss conditions and parameterized with the estimated earnings dynamics.
About the author
Bibliographic Information
Book Title: Life Cycle Investing and Occupational Old-Age Provision in Switzerland
Authors: Florian Zainhofer
DOI: https://doi.org/10.1007/978-3-8349-9818-7
Publisher: Gabler Verlag Wiesbaden
eBook Packages: Business and Economics, Economics and Finance (R0)
Copyright Information: Gabler Verlag | Springer Fachmedien Wiesbaden GmbH, Wiesbaden 2008
Softcover ISBN: 978-3-8349-1087-5Published: 26 June 2008
eBook ISBN: 978-3-8349-9818-7Published: 01 August 2008
Edition Number: 1
Number of Pages: XXI, 281
Topics: Macroeconomics/Monetary Economics//Financial Economics, Finance, general