Abstract:This paper aims to discuss two approaches for calculating discount rates
for pension liabilities. To do so, real data on the assets and liabilities'
composition of a pension fund were used to gauge the discount rates
according to each approach. In the first approach, the liabilities are
discounted at the assets' returns rate, while in the second approach, as
preconized in the literature, they… Show more
Set email alert for when this publication receives citations?
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.