Complexity in risks facing pension plans: nonmarket financial risk in the United States and Poland

• Authors: Adam Samborski , John A. Turner
• Languages of publication: EN

Abstracts

EN

This paper discusses agency, regulatory capture, counterparty and political risks as aspects of the nonmarket financial risks that pension plans and their participants bear, using as examples the United States and Poland. The intent of the paper is to expand beyond financial market risks the discussion of financial risks that pension plans and participants bear in funded pension systems. Thus, this paper fits into the broader discussion of the relative merits of funded and unfunded pensions. The paper also relates to analysis of the increasingly complex environment in which pension plans operate.

Keywords

EN

Agency risks; Counterparty risks; Nonmarket financial risks; Pension plans; Political risks; Regulatory capture risks

• Publisher: Uniwersytet Ekonomiczny w Katowicach
• Journal: Journal of Economics and Management
• Year: 2015
• Volume: 21
• Pages: 35-57

Contributors

author

Adam Samborski

author

John A. Turner

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Identifiers

ISSN

1732-1948