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- Title
Institutional disparities and asset allocation homologation in Italian defined contribution pension funds. How do they affect the guarantee commitment?
- Authors
DE VINCENTIIS, PAOLA; ISAIA, ELEONORA; ZOCCHI, PAOLA
- Abstract
This paper analyzes the performance of the Italian defined contribution guaranteed pension funds during the period 2008–2012 through a panel analysis. This paper is organized around three main research questions. The first one is focused on the probability of a guarantee payment in a given year. The second one deals with the determinants of the gap between actual return and minimum guaranteed yield on a yearly basis. The third one focuses on the factors affecting the weight of administrative and management costs and their relationship with the fund dimension.
- Subjects
ITALY; DEFINED contribution pension plans; PENSIONS; ASSET allocation; PENSION trusts -- Rate of return; INVESTMENT of pension funds; CLOSED-end funds; OPEN-end investment funds
- Publication
Journal of Pension Economics & Finance, 2017, Vol 16, Issue 2, p205
- ISSN
1474-7472
- Publication type
Article
- DOI
10.1017/S147474721500044X