Taxation and Corporate Pension Policy
Налогообложение и корпоративная пенсионная политика
1981-03-01
SCID: 54.1/hmwdwgsz
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bondscorporate pension policyoptimal pension fundingpension fund investmenttaxation
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Abstract (AI)
ABSTRACT This paper focuses on the impact of taxes on optimal corporate pension policy. The analysis is based upon an integration of corporate and individual shareholder considerations. The major conclusions are that a company should fully fund its pension plan and should invest the pension fund totally in bonds.
Key Findings
1
The analysis concludes that companies should fully fund their pension plans.
2
The optimal pension-fund investment strategy identified is allocating the entire fund to bonds.
3
The paper integrates corporate and individual shareholder considerations to analyze how taxation affects optimal corporate pension policy.
Research Object
corporate pension plans and their pension funds
Research Subject
the impact of taxation on optimal pension-plan funding and pension-fund asset allocation
Publication Details
Publication Date
1981-03-01
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