International comparison of household asset allocation: Micro-evidence from cross-country comparisons

Purpose The purpose of this paper is to investigate how private pension supervisors in selected jurisdictions monitor and address lost pension accounts and unclaimed pension assets or benefits and draw supervisory implications. Design/methodology/approach This paper is based on the survey on private pension schemes of selected International Organisation of Pension Supervisors member jurisdictions. Findings This paper finds that there are differences in severity of the issue of lost pension accounts and unclaimed pension benefits among jurisdictions, and that pension supervisors/regulators differ with regard to awareness of and approaches taken to handle this issue. Some jurisdictions show a well-established systematic approach to deal effectively with the problem of lost pension accounts or unclaimed benefits, while other jurisdictions are yet to recognise and tackle the issue. Originality/value To the best of the authors’ knowledge, this is the first larger cross-country study on lost pension accounts and unclaimed benefits in private pension schemes. The paper presents international comparison of this issue in 32 different jurisdictions and provides examples of good supervisory or regulatory practices.

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Household Asset Allocation, Offspring Education, and the Sandwich Generation

The American Economic Review ◽

10.1257/aer.p20151115 ◽

2015 ◽

Vol 105 (5) ◽

pp. 611-615 ◽

Cited By ~ 8

Author(s):

Vicki L. Bogan

Keyword(s):

Asset Allocation ◽

Capital Accumulation ◽

Pension System ◽

Personal Health ◽

Wealth Accumulation ◽

Household Asset ◽

Sandwich Generation ◽

College Savings ◽

Households With Children

This paper finds households with children and elderly dependents, the “Sandwich Generation,” significantly reduce both college savings and stockholding. Having any elderly dependents decreases the probability of both stockholding and college savings by twice as much as poor personal health. Hence, these results have critical implications as they demonstrate the importance and magnitude of links between the pension system, college financial aid, and wealth accumulation. Elderly dependents limiting parental funds for offspring education can decrease offspring long-term earnings potential via decreased human capital accumulation. Furthermore, decreased stock holdings can decrease long-term wealth accumulation and thus intergenerational wealth transfers.

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Analysis of asset risk and household Financial Asset Allocation structure—Empirical analysis from a nonlinear model

E3S Web of Conferences ◽

10.1051/e3sconf/202123501039 ◽

2021 ◽

Vol 235 ◽

pp. 01039

Author(s):

Zhanbing Huang ◽

Yu Lu

Keyword(s):

Empirical Analysis ◽

Asset Allocation ◽

Financial Literacy ◽

Family Income ◽

Mutual Influence ◽

Probit Model ◽

Financial Asset ◽

Household Asset ◽

Asset Risk ◽

Internal Relationship

Chinese households now have a good understanding of finance and their asset allocation choices are increasingly skewed towards financial products. At present, most domestic and foreign researches on the structure and choice of household asset allocation mainly analyze the influence of residents’ characteristics or financial literacy on household asset allocation, while few researches on the internal relationship between household risk, asset structure and allocation choice. Based on CHFS data and the theory of asset investment behavior, this paper systematically analyzes and risk assets and family financial asset allocation structure of mutual influence and role, an empirical analysis of the influencing factors of residents in our country family financial asset allocation structure by using Probit model and Tobit model, pay attention to risk assets, family income and other factors, a deeper understanding of family financial asset investment circumstances.

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