Pension Fund Economics and Finance - 9781138656802

Taylor & Francis

Pension Fund Economics and FinanceEfficiency, Investments and Risk-Taking\nAuthor(s): Jacob Bikker\nFormat: Hardback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9781138656802, 978-1138656802\nSynopsis\nPension fund benefits are crucial for pensioners welfare and pension fund savings have accumulated to huge amounts, covering a major part of world-wide institutional investments. However, the literature on pension fund economics and finance is rather limited, caused, in part, to limited data availability. This book contributes to this literature and focuses on three important areas. The first is pension fund (in)efficiency, which has a huge impact on final benefits, particularly when annual spoilage accumulates over a lifetime. Scale economies, pension plans complexity and alternative pension saving plans are important issues.\n\nThe second area is investment behavior and risk-taking. A key question refers to the allocation of investments over hig.