Real rates of return
It is widely recognised that the real rates of return which have been earned on most financial assets in the UK in recent years have been negative-the yield on investments has not been high enough to compensate for the erosion of capital values through inflation. There are many purposes for which it is necessary to use estimates of future real rates of return, particularly those concerned with the funding of prospective pensions. Yet despite this adverse recent experience, there is a general reluctance to contemplate the possibility of negative real returns in furture, and to consider the provisions which would be needed if the future were in this respect like the past.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Volume (Year): 25 (2004)
Issue (Month): 3 (October)
|Contact details of provider:|| Postal: The Institute for Fiscal Studies 7 Ridgmount Street LONDON WC1E 7AE|
Phone: (+44) 020 7291 4800
Fax: (+44) 020 7323 4780
Web page: http://www.ifs.org.uk
More information through EDIRC
|Order Information:|| Postal: The Institute for Fiscal Studies 7 Ridgmount Street LONDON WC1E 7AE|
When requesting a correction, please mention this item's handle: RePEc:ifs:fistud:v:25:y:2004:i:3:p:15-25. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Emma Hyman)
If references are entirely missing, you can add them using this form.