Complexity in Risks Facing Pension Plans: Nonmarket Financial Risk in the United States and Poland

• Autorzy: Adam Samborski , John A. Turner
• Języki publikacji: EN

Abstrakty

EN

This paper discusses agency, regulatory capture, counterparty and political risks as aspects of the nonmarket financial risks that pension plans and their participants bear, using as examples the United States and Poland. The intent of the paper is to expand beyond financial market risks the discussion of financial risks that pension plans and participants bear in funded pension systems. Thus, this paper fits into the broader discussion of the relative merits of funded and unfunded pensions. The paper also relates to analysis of the increasingly complex environment in which pension plans operate. Keywords: pension plans, nonmarket financial risks, agency risks, regulatory capture risks, counterparty risks, political risks.(original abstract)

Słowa kluczowe

EN

Pensions; Pension systems in the world; Financial risk; Political risk

PL

Emerytury; Systemy emerytalne na świecie; Ryzyko finansowe; Ryzyko polityczne

• Czasopismo: Journal of Economics & Management / University of Economics in Katowice
• Rocznik: 2015
• Numer: nr 21
• Strony: 35--57

Twórcy

autor

Adam Samborski

• University of Economics in Katowice, Poland

autor

John A. Turner

• Pension Policy Center Washington, DC, U.S.

Bibliografia

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