Categories
POSTS BY THEPDANAI DANSWASVONG
  • Heterogeneity Effects on the Management of Retirement Fund

    Thepdanai Danswasvong    Sira Suchintabandid
    07 Aug 2017
    41
    2

    ‚ÄčThis paper studies the importance of plan members’ heterogeneity to the management of defined benefit (DB) pension fund. We propose a new multi-member model of DB pension fund that allows for heterogeneity in plan members’ retirement ages, salary growths, and other characteristics.