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Perspectives

The Case against Stock in Public Pension Funds

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Pages 55-62 | Published online: 02 Jan 2019

References

  • Bader, Lawrence N.. 2003. “Treatment of Pension Plans in a Corporate Valuation.” Financial Analysts Journal, vol. 59, no. 3 (May/June): 19–24.
  • Black, Fischer. 1980. “The Tax Consequences of Long-Run Pension Policy.” Financial Analysts Journal, vol. 36, no. 4 (July/August): 21–28.
  • Gold, Jeremy. 2000. “Actuarial Assumptions for Pension Plans Invite Arbitrage—The Case of Pension Obligation Bonds.” Risks and Rewards, Newsletter of the Investment Section of the Society of Actuaries, no. 35 (September): 6–7.
  • Peskin, Michael W.. 2001. “Asset/Liability Management in the Public Sector.” Pensions in the Public Sector Edited by Olivia S. Mitchell and Edwin C. Hustead.Philadelphia: University of Pennsylvania Press.
  • Sutcliffe, Charles. 2004. “Pension Scheme Asset Allocation with Taxation Arbitrage, Risk Sharing and Default Insurance.” British Actuarial Journal, vol. 10, no. 5: 1111–1131.
  • Tepper, Irwin. 1981. “Taxation and Corporate Pension Policy.” Journal of Finance, vol. 36, no. 1 (March): 1–13.

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