A Study of the Individual Pension Funds Allocation Strategy in China
Name
shi-xiaoyu01-msms-sloan-2023-thesis[16].pdf
Description
Thesis PDF
Size
800.28 KB
Format
Adobe PDF
Checksum (MD5)
97954cdde57ba54c50528e4caced3b03
Author(s)
Shi, Xiaoyu
Advisor(s)
So, Eric
Date Issued
June 2023
Publisher
Massachusetts Institute of Technology
Abstract
Building a multi-level pension system is urgently needed as China's aging issue gets more serious. Individual pension funds can considerably improve the quality of life for retirees by providing a stable source of income during their retirement years. By supporting the development and adoption of individual pension funds, China can not only improve the financial security of its citizens, but also contribute to the long-term viability of its social security system as a whole.
The study investigates individual pension funds in developed markets, with a particular emphasis on the development of target date funds and target risk funds. The study also employs Monte Carlo simulations to compare the market performance and utility performance of various strategies in order to determine which fund strategy is best suited for Chinese individual pension funds, thereby assisting individuals in making more effective pension investments in order to accumulate more wealth after retirement.
MIT Department
Sloan School of Management
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