Pension Fund Asset Allocation in Low Interest Rate Environment

Bams, Dennis; Schotman, Peter C.; Tyagi, Mukul

doi:10.2139/ssrn.2766512

Cited by 4 publications

(4 citation statements)

References 28 publications

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“…The life expectancy in the United States has increased substantially in the past century from age 54.5 in 1915 to age 78.8 in 2015 (National Center for Health Statistics, ). In addition, the expected return on fixed‐income investments in any retirement portfolio is low in the current economic environment, in which both short‐term and long‐term interest rates are low (Bams, Schotman, & Tyagi, ). Thus, those who do not have sufficient money saved for retirement may not be able to maintain a financially comfortable life during retirement.…”

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confidence: 99%

Millennials’ Retirement Saving Behavior: Account Ownership and Balance

Yao

Cheng

2017

Family & Consum Sci Res J

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Millennials is the largest population in the United States. Compared with their parents and grandparents, they have to shoulder more responsibilities to prepare financially for retirement. It is critical for Millennials to begin saving and investing for their retirements early in their careers. Few studies analyzed this generation's retirement saving behavior. Using data from the 2013 Survey of Consumer Finances, this study is among the first ones to examine the state of Millennials' retirement savings, including retirement account ownership and balance. Results show that only 37.2% of Millennials had any kind of account earmarked for retirement; and among those with a retirement account, the average accumulated amount was $21,333. Factors that affected retirement saving behavior included age; education; total household income and assets; job tenure; self-employment; having a retirement saving motive; having a defined benefit plan; overspending; and risk tolerance. This study provided initial insights that can help financial planners and educators, as well as policymakers understand Millennials' current retirement savings behavior and help them achieve a financially comfortable retirement.

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confidence: 99%

Millennials’ Retirement Saving Behavior: Account Ownership and Balance

Yao

Cheng

2017

Family & Consum Sci Res J

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“…First, there is a trade-off between the portfolio's carbon dioxide emissions and the expected dividend returns. This raises a concern because pension funds typically have a strong preference for high-dividend stocks (Allen et al, 2000;Short et al, 2002;Dahlquist et al, 2014;Bams et al, 2016). We find that the trade-off is to some extent driven by investments in firms from energy and utilities industries, which is in line with Andersson et al (2016).…”

Section: Introductionmentioning

confidence: 70%

Pension Funds Carbon Footprint and Investment Trade-Offs

Boermans

Galema

2017

SSRN Journal

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“…In conclusion, we could say that the Millennial generation is aware of the importance of saving. Unfortunately, despite this and the fact they are aware about the current replacement rate not being enough to live by in old age, they are not saving for retirement and prefer to save for other reasons, something that should not happen because, as stated by Bams, Schotman & Tyagi (2016), the OECD (2016), Rivera & Nava (2012) and Vázquez (2010), the pension system nowadays is not favorable and so, if they do not save for retirement, they will not be able to attain a worthy pension and their future will be affected because of poor decisions made in the present.…”

Section: Discussionmentioning

confidence: 99%

Savings for retirement and the millennial generation in Mexico: perception about the importance of having a retirement fund

Lobato

2021

Revista INFAD de Psicología

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The aim of this study focused on knowing the existing relation between Savings, Financial Capability, Future forecast and Retirement funds in relation to gender, which allows to determine the Savings culture, while also proving if there is a relationship between Savings, Financial Capability, Future forecast and Retirement funds in relation to gender among the population known as Millennial generation. The study is non-experimental, approached from the hypothetic-deductive paradigm, it is descriptive and correlational, as well as transversally cut. The participants were 89 Millennials(73% women and 27% men), whoseagesranged between 18 to 35 years old. The sample was non-probabilistic by auto-determination, since the technique used was “snowball sampling”, which consisted on sharing the instrument through social networks. For the study, the survey designed by the Mexican National Commission of Retirement Savings System (2017) was used. For the data capture and analysis, the program SPSS Statistics v23 was used and the measurement technique was Pearson s Chi square with df and sig <0.05. The main results show how young millennials have not thought about retirement or at least, they are currently not taking action on this issue, hence, they have not decided to save money for the future at the moment.Regarding the parametricresults, it was determined that thereis no relationship between what millennials perceive about keeping a record of monthly income and expenses, what they would do in case they received an unexpected sum of money, receive a monthly pension, the retirement age, amount of the retirement pension and the knowledge of what a retirement fund is with the variable gender.

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Pension Fund Asset Allocation in Low Interest Rate Environment

Cited by 4 publications

References 28 publications

Millennials’ Retirement Saving Behavior: Account Ownership and Balance

Millennials’ Retirement Saving Behavior: Account Ownership and Balance

Pension Funds Carbon Footprint and Investment Trade-Offs

Savings for retirement and the millennial generation in Mexico: perception about the importance of having a retirement fund

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