Full Description
Florian Zainhofer uses the theory of life cycle investing as a framework to study the implications of a potential BVG individualization. He proposes a model adapted to Swiss conditions and parameterized with estimated Swiss earnings dynamics.
Contents
Institutional framework, motivation and objectives.- Methodology: state-of-the-art.- Methodology: computational aspects.- Empirical analysis of Swiss labor income dynamics.- Illustration of life cycle portfolio choice for stylized Swiss investors.- Welfare analysis.- Conclusions.
