Jump to ContentJump to Main Navigation
The Pension ChallengeRisk Transfers and Retirement Income Security$
Users without a subscription are not able to see the full content.

Olivia S. Mitchell and Kent Smetters

Print publication date: 2003

Print ISBN-13: 9780199266913

Published to Oxford Scholarship Online: August 2004

DOI: 10.1093/0199266913.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 26 September 2020

Company Stock and Pension Plan Diversification

Company Stock and Pension Plan Diversification

(p.71) Chapter 4 Company Stock and Pension Plan Diversification
The Pension Challenge

Olivia S. Mitchell (Contributor Webpage)

Kent Smetters (Contributor Webpage)

Oxford University Press

This chapter proposes a measure of the diversification level in defined contribution (DC) plans, and explains how plan participants can insure themselves against a decline in wealth due to an undiversified position with the DC plan. The measure shows the investor how efficiently his 401(k) portfolio is chosen. The insurance takes the form of an option contract that gives the recipient the higher of the return to company stock or diversified portfolio over a given future term.

Keywords:   defined contribution plan, retirement plan, pension plan, retirement income, portfolio diversification, investment efficiency, insurance

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .