Fiscal Effects of Minimum Rates of Return Guarantees：The Case of Civil Servants Pension Fund in Taiwan

碩士 === 逢甲大學 === 財稅所 === 95 === This thesis applies Monte Carlo approach to simulate the fiscal effects of minimum rate of return guarantees of Civil Servant Pension Fund in Taiwan. We calculate the guarantee costs under various investment strategies. We find that the active investment strategy, in t...

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Bibliographic Details
Main Authors:	Chun-ning Chang, 張宭寧
Other Authors:	Ting-Yuan Huang
Format:	Others
Language:	zh-TW
Published:	2007
Online Access:	http://ndltd.ncl.edu.tw/handle/66997040568944336680

id	ndltd-TW-095FCU05671006
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spelling	ndltd-TW-095FCU056710062015-10-13T11:31:40Z http://ndltd.ncl.edu.tw/handle/66997040568944336680 Fiscal Effects of Minimum Rates of Return Guarantees：The Case of Civil Servants Pension Fund in Taiwan 公務人員退撫基金收益保證對政府財政影響：模擬分析 Chun-ning Chang 張宭寧碩士逢甲大學財稅所 95 This thesis applies Monte Carlo approach to simulate the fiscal effects of minimum rate of return guarantees of Civil Servant Pension Fund in Taiwan. We calculate the guarantee costs under various investment strategies. We find that the active investment strategy, in the long run, raise the rates of return, improve the performance of funds, lower the fiscal costs incurred by government. However, in the short run, the guarantee cost may be high. The short run effect make the short-sight government take the passive investment strategies. Ting-Yuan Huang 黃定遠 2007 學位論文 ; thesis 75 zh-TW
collection	NDLTD
language	zh-TW
format	Others
sources	NDLTD
description	碩士 === 逢甲大學 === 財稅所 === 95 === This thesis applies Monte Carlo approach to simulate the fiscal effects of minimum rate of return guarantees of Civil Servant Pension Fund in Taiwan. We calculate the guarantee costs under various investment strategies. We find that the active investment strategy, in the long run, raise the rates of return, improve the performance of funds, lower the fiscal costs incurred by government. However, in the short run, the guarantee cost may be high. The short run effect make the short-sight government take the passive investment strategies.
author2	Ting-Yuan Huang
author_facet	Ting-Yuan Huang Chun-ning Chang 張宭寧
author	Chun-ning Chang 張宭寧
spellingShingle	Chun-ning Chang 張宭寧 Fiscal Effects of Minimum Rates of Return Guarantees：The Case of Civil Servants Pension Fund in Taiwan
author_sort	Chun-ning Chang
title	Fiscal Effects of Minimum Rates of Return Guarantees：The Case of Civil Servants Pension Fund in Taiwan
title_short	Fiscal Effects of Minimum Rates of Return Guarantees：The Case of Civil Servants Pension Fund in Taiwan
title_full	Fiscal Effects of Minimum Rates of Return Guarantees：The Case of Civil Servants Pension Fund in Taiwan
title_fullStr	Fiscal Effects of Minimum Rates of Return Guarantees：The Case of Civil Servants Pension Fund in Taiwan
title_full_unstemmed	Fiscal Effects of Minimum Rates of Return Guarantees：The Case of Civil Servants Pension Fund in Taiwan
title_sort	fiscal effects of minimum rates of return guarantees：the case of civil servants pension fund in taiwan
publishDate	2007
url	http://ndltd.ncl.edu.tw/handle/66997040568944336680
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Fiscal Effects of Minimum Rates of Return Guarantees：The Case of Civil Servants Pension Fund in Taiwan

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