Basic Theoretical Problems in Pension Accounting

Economic Consequences of Public Pension Accounting Rules

A growing stream of accounting research suggests that managers use the data reported in a company’s financial reports to make real investment decisions. We extend this idea to the public sector, investigating whether the employment decisions made by governmental entities are influenced by the reporting rules for public pensions and the discretion pension managers use in implementing these rules...

Old age pension systems: A theoretical evaluation

The paper evaluates the theoretical literature on public pension schemes. First, the terms pay-as-you-go and capital reserve are made precise. These two systems are then compared, followed by a consideration of their efficiency properties. Thereafter conversion policies are discussed. JEL-Classification: H21, H55

Fair-value Pension Accounting, Corporate Risk Management and Pension Investment Policy

This paper investigates whether employer sponsors manage their pension risk exposure as an integral part of firm risk, or manage these two risk exposures separately over an extended period (2003-2010) in the UK, when transition from a disclosure to a recognition pension accounting regime has taken place. We test three competing explanations of corporate pension investment policy: coordinated ri...

Basic methods in Theoretical Biology

Basic Theoretical Concepts