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The PBGC's flat fee schedule, moral hazard, and promised pension benefits
dc.contributor.authorNiehaus, Gregory R.en_US
dc.date.accessioned2006-04-10T13:48:46Z
dc.date.available2006-04-10T13:48:46Z
dc.date.issued1990-03en_US
dc.identifier.citationNiehaus, Gregory R. (1990/03)."The PBGC's flat fee schedule, moral hazard, and promised pension benefits." Journal of Banking &amp; Finance 14(1): 55-68. <http://hdl.handle.net/2027.42/28689>en_US
dc.identifier.urihttp://www.sciencedirect.com/science/article/B6VCY-45F8YTF-38/2/81236c9d61be4c2333d6e51f7a58465cen_US
dc.identifier.urihttps://hdl.handle.net/2027.42/28689
dc.description.abstractThe Pension Benefit Guarantee Corporation (PBGC) initially insured private pension benefits in exchange for a premium that was not risk sensitive. This paper derives conditions under which a moral hazard problem caused promised pension benefits to increase. The hypotheses are tested using data on individual pension contracts from the pre- and post-PBGC periods.en_US
dc.format.extent962849 bytes
dc.format.extent3118 bytes
dc.format.mimetypeapplication/pdf
dc.format.mimetypetext/plain
dc.language.isoen_US
dc.publisherElsevieren_US
dc.titleThe PBGC's flat fee schedule, moral hazard, and promised pension benefitsen_US
dc.typeArticleen_US
dc.rights.robotsIndexNoFollowen_US
dc.subject.hlbsecondlevelWest European Studiesen_US
dc.subject.hlbtoplevelSocial Sciencesen_US
dc.subject.hlbtoplevelHumanitiesen_US
dc.description.peerreviewedPeer Revieweden_US
dc.contributor.affiliationumUniversity of Michigan, Ann Arbor, MI 48109, USAen_US
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/28689/1/0000508.pdfen_US
dc.identifier.doihttp://dx.doi.org/10.1016/0378-4266(90)90035-Zen_US
dc.identifier.sourceJournal of Banking &amp; Financeen_US
dc.owningcollnameInterdisciplinary and Peer-Reviewed


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