The safety of a 4% initial withdrawal strategy depends on asset return assumptions. Using
historical averages to guide simulations for failure rates for retirees spending an inflation-…

This study explores the issue of what is an appropriate default equity glide-path for client
portfolios during the retirement phase of the life cycle. We find, surprisingly, that rising equity …

Focusing on a “safe withdrawal rate” and then deriving a “wealth accumulation target” to
achieve by the retirement date may not be the best way to approach retirement planning. Such a …

Numerous studies about sustainable withdrawal rates from retirement savings have been
published, but they are overwhelmingly based on the same underlying data for US asset …

Remittances can potentially help to promote economic development by providing a mechanism
to share risks, reduce poverty and improve equality. However, from the viewpoint of …

This paper provides an investigation of the impacts of pension funds on capital market
development, both for stock markets and bond markets. For the overall sample of countries, we …

Understanding the monetary transmission mechanism is crucial to central bankers. We
analyze the monetary transmission mechanism in Vietnam, using the vector autoregression …

Shortfall risk retirement income analyses offer little insight into how much risk is optimal, and
how risk tolerance affects retirement income decisions. This study models retirement …

Using the Vietnam Household Living Standard Survey in 2004, this article seeks to quantify
the potential role and impacts of a social pension scheme for reducing elderly poverty in …

Many studies have suggested that, under the context of high economic growth and strong
flows of laborers from rural to urban areas, living arrangements of the elderly people, …