Most defined contribution (DC) pension plans give their members a degree of choice over the investment strategy for their contributions. Many plans also offer a ‘default’ fund for members unable or unwilling to choose their own investment strategy. We analyse the range of default funds offered by UK ‘stakeholder’ DC plans, which by law must offer a default fund. We find the default funds are ty...

As a consequence, individuals‟ retirement planning requirements have become significantly more complex. In an ideal world, members of DC schemes would have access to individual investment advice to allow them to construct a plan to help manage these risks. In practice it has not yet been possible to supply full, individually tailored advice to all DC members on an affordable basis. Instead what...

This paper established a system dynamics model of energy saving and emission reduction in coal mining area, as well as conducted simulation of different development plans, based on the analysis of energy saving and emission reduction factor of coal production links, of the complex structure of energy saving and emission reduction system in coal mining area, and of the dynamic feed-back mechanis...

We identify employees at seven companies whose 401(k) investment choices are dominated because they are contributing less than the employer matching contribution threshold despite being vested in their match and being able to make penalty-free 401(k) withdrawals for any reason because they are older than 591⁄2. At the average firm, 36% of match-eligible employees over age 591⁄2 forgo arbitrage ...

The Millennium Development Goals depend critically on scaling up public health investments in developing countries. As a matter of urgency, developing-country governments must present detailed investment plans that are sufficiently ambitious to meet the goals, and the plans must be inserted into existing donor processes. Donor countries must keep the promises they have often reiterated of incre...

extended abstract 1. introduction given the horizontal expansion of cities in recent decades, there are a lot of unused and abandoned lands in large cities. these lands are now an opportunity for urban redevelopment and investment. attracting domestic and foreign investments to cities has been very common in recent decades, which has turned the national nature of large cities to international (...

This paper examines the effect of economic policy uncertainty and its components on firm-level investment. It is found that economic policy uncertainty in interaction with firm-level uncertainty depresses firms’ investment decisions. When firms are in doubt about costs of doing business due to possible changes in regulation, cost of health care and taxes, they become more guarded with investmen...