Pension funds saving individuation

Charles S. Tapiero; Assa Birati

doi:10.1007/BF02295378

Pension funds saving individuation

Charles S. Tapiero, Assa Birati

Finance and Risk Engineering

Research output: Contribution to journal › Article › peer-review

Abstract

This paper considers a pension insurance problem using an intertemporal framework. We assume a deterministic framework in order to obtain tractable and yet revealing results regarding the propensity to save for retirement. The essential conclusions of this paper include a condition for a single switch, that is, when the saver will decide the switching time, prior to retirement, to start saving. Because of the linear objective used in this paper, saving rates were found to be of the bang-bang type. In addition, we show that the tax effects are important. The richer the saver, the greater the tax advantages for pension savings. (JEL E20).

Original language	English (US)
Pages (from-to)	686-691
Number of pages	6
Journal	International Advances in Economic Research
Volume	6
Issue number	4
DOIs	https://doi.org/10.1007/BF02295378
State	Published - Nov 2000

ASJC Scopus subject areas

Economics and Econometrics
General Economics, Econometrics and Finance

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10.1007/BF02295378

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Pension funds saving individuation

Abstract

ASJC Scopus subject areas

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