We argue that the appropriate discount rate for pension liabilities depends on the objective.

We argue that the appropriate discount rate for pension liabilities depends on the objective.

Tables and figures. This is a print on demand report.

This paper explores how unfunded pension obligations affect the market values of firms.

This book addresses the significance of differences in approaches used to determine discount rates among public and private plans; purposes for measuring the value of a plan's future benefits and key considerations for determining discount ...

This paper contrasts and empirically tests two different views of corporate pension policy: the traditional view that pension funds are managed without regard to either corporate financial policy or the interests of the corporation and its ...

The papers in this volume cover such issues as the interaction of pension-funding decisions and corporate finances; the role of pensions in providing adequate and secure retirement income, including the integration of pension plans with ...