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Life Cycle Portfolio Choice : A Swiss Perspective
| Content Provider | Semantic Scholar |
|---|---|
| Author | Zameer F. |
| Copyright Year | 2007 |
| Abstract | In Switzerland, proposals have been made to individualize the funded occupational retirement provision scheme (BVG). These would imply a transfer of the investment responsibilities and risks inherent in this scheme to the individual’s sphere. However, most individuals are not equipped with investment know-how. As a consequence, some financial economists have expressed concerns: B (2003) e.g. fears that individuals’ welfare could decline because risk would be transferred “to those who may be least qualified to manage it.” Policy makers are facing a similar dilemma: they are uncertain to what extent and how exactly the savings and investment process should be individualized in order to be welfare-enhancing. Thus, knowledge about individually optimal life cycle investment strategies and their determinants is a real concern to different parties: to households who are increasingly forced to save and invest for retirement on their own and who |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://www.sjes.ch/papers/2007-II-4.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
