Investment strategies in retirees' decumulation phase
Description
This thesis consists of three studies on investment strategies for Australian retirees. Specifically, it investigates retirees' preference between alternative drawdown strategies in the presence of government pensions, appropriate management of longevity risk through the use of deferred annuities and asset allocation in retirement. It finds drawdown strategies linked to life expectancy to be the best performers. Deferred annuities are found to improve retirement incomes for risk averse retirees. For retirees who want to meet certain wealth thresholds in retirement, equity dominated portfolios provide superior outcomes for higher threshold levels.
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| ID Code: | 82829 |
|---|---|
| Item Type: | QUT Thesis (PhD) |
| Supervisor: | Basu, Anup & Chen, John |
| Keywords: | Retirement, Asset allocation, Superannuation, Lifecycle, Annuities, Draw down strategies, Omega, Decumulation, Epstein-Zin |
| Divisions: | Past > QUT Faculties & Divisions > QUT Business School Current > Schools > School of Economics & Finance |
| Institution: | Queensland University of Technology |
| Deposited On: | 13 May 2015 05:29 |
| Last Modified: | 04 Sep 2017 14:41 |
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