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Are age-based life-cycle saving strategies for funded pension schemes a good option?

  1. TitleAre age-based life-cycle saving strategies for funded pension schemes a good option?
    Par.titleSú sporivé stratégie založené na veku vhodným riešením pre kapitalizačné dôchodkové schémy?
    Author infoJán Šebo, Daniela Danková, Ivan Králik
    Author Šebo Ján 1978- (34%) UMBEF15 - Katedra verejnej ekonomiky a regionálneho rozvoja
    Co-authors Danková Daniela 1994- (33%) UMBEF15 - Katedra verejnej ekonomiky a regionálneho rozvoja
    Králik Ivan 1992- (33%) UMBEF15 - Katedra verejnej ekonomiky a regionálneho rozvoja
    Source document Ekonomické rozhľady : vedecký časopis Ekonomickej univerzity v Bratislave : scientific journal of the University of Economics Bratislava. Roč. 50, č. 1 (2021), s. 5-22. - Bratislava : Ekonomická univerzita, 2021
    Keywords výkonnosť - performance   adekvátnosť - primeranosť - adequacy   sporivé dôchodkové schémy  
    Form. Descr.články - journal articles
    LanguageEnglish
    CountrySlovak Republic
    AnnotationSearching for the optimal saving strategy is often limited to life-cycle strategies, where only the age of a saver is considered for setting the allocation profile between equities and bonds. Our article contributes to the debate by looking at the performance and adequacy risks arising from applying age-based saving strategies for savers in funded pension schemes. Using the resampling simulation technique, we compare the fixed and age-based strategies from the point of performance, maximum draw-down occurring during the saving horizon and adequacy risk arising from applied saving strategy. We conclude that age-based life-cycle saving strategies, where the remaining saving horizon is the only factor defining the allocation profile is not the optimal saving strategy and other factor should be considered as well when searching for optimal predefined saving strategy.
    URL Link na plný text
    Public work category ADF
    No. of Archival Copy49621
    Catal.org.BB301 - Univerzitná knižnica Univerzity Mateja Bela v Banskej Bystrici
    Databasexpca - PUBLIKAČNÁ ČINNOSŤ
    ReferencesPERIODIKÁ-Súborný záznam periodika
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