Defined Benefit Pension Plan Liabilities and International Asset Allocation
- Topics:
- Accounting software,
- Retirement
- Tags:
- Asset,
- Payroll Solutions,
- Operational Planning,
- Human Resources,
- Defined Benefit Pension Plan,
- Business Operations,
- Benefits,
- Asset Management,
- Asset Allocation,
- Pension Plan
- Source:
- University of Pennsylvania
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Overview: Despite the integration of international capital markets and the relaxation of capital controls, U.S. defined benefit pension plans do not diversify internationally enough. This paper explores whether incorporating liabilities in the asset allocation decision can help explain pension plans' home bias. Incorporating pension liabilities proves not to explain pension plan home bias in the case that returns are nominal.
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Format: PDF | Size: 184KB | Date: Oct 2002 | Pages: 33
