Year: 1988
Type: report
Abstract: Recent rule changes adopted by the Financial Accounting Standards Board regarding corporate reporting of defined benefit plan assets and liabilities may lead to a significant shift into fixed-income securities.The recent introduction of price-level- indexed securities in U.S. financial markets may lead to significant changes in pension fund asset allocation.By giving plan sponsors a simple way to hedge inflation risk, these securities make it possible to offer plan participants inflation protection both before and after retirement.
DOI: 10.3386/w2752
Author: Zvi Bodie
Institution: Boston University
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W1549480623