The Costs of Defined Benefit Pension Plans and Firm Adjustments
نویسندگان
چکیده
منابع مشابه
Why Do Firms Offer Risky Defined Benefit Pension Plans?
Even risky pension sponsors could offer essentially riskless pension promises by contributing a sufficient level of resources to their pension trust funds and by investing those resources in fixed-income securities designed to deliver their payoffs just as pension obligations are coming due. However, almost no firm has chosen to fund its plan in this manner. We study the optimal funding choice ...
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ژورنال
عنوان ژورنال: The Quarterly Journal of Economics
سال: 1979
ISSN: 0033-5533
DOI: 10.2307/1884468