Pensionmetrics 2: stochastic pension plan design during the distribution phase
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- Blake, David & Cairns, Andrew J. G. & Dowd, Kevin, 2003. "Pensionmetrics 2: stochastic pension plan design during the distribution phase," Insurance: Mathematics and Economics, Elsevier, vol. 33(1), pages 29-47, August.
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Keywords
stochastic pension plan design; defined contribution; discounted utility; life annuity; income drawdown; asset allocation; optimal annuitisation age;All these keywords.
JEL classification:
- G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
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