Essays about: "Björn Skanke"

Found 3 essays containing the words Björn Skanke.

  1. 1. Analysis of Pension Strategies

    University essay from KTH/Matematisk statistik

    Author : Björn Skanke; [2014]
    Keywords : Human wealth; Mean-variance; Stochastic dynamic programming;

    Abstract : In a time where people tend to retire earlier and live longer in combination with an augmented personal responsibility of allocating or at least choosing adequately composed pension funds, the importance of a deeper understanding of long term investment strategies is inevitably accentuated. On the background of discrepancies in suggested pension fund strategies by influential fund providers, professional advisers and previous literature, this thesis aims at addressing foremost one particular research question: How should an investor optimally allocate between risky and risk-less assets in a pension fund depending on age? In order to answer the question the sum of Human wealth, defined as the present value of all expected future incomes, and ordinary Financial wealth is maximized by applying a mean-variance and a expected utility approach. READ MORE

  2. 2. Is Sweden Efficient in Producing Human capital? The Impact of Sweden's Inefficiency in Producing Human Capital on Long-term Growth

    University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

    Author : Björn Skanke; Ruslan Yanishevsky; [2013]
    Keywords : Efficiency; Human capital; Long-term growth; Non-parametric models;

    Abstract : The future wealth and competitive position of each country in the globalised world is becoming increasingly dependent on its ability to generate and absorb knowledge. Simultaneously, countries are encountering increased pressures on public balances emerging from the economic crisis and demographic trends. READ MORE

  3. 3. Hyperbolic Discounting and Job Search

    University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

    Author : Svante Midander; Björn Skanke; [2011]
    Keywords : Hyperbolic discounting; Unemployment; Job search; Reservation wage; Discounting function;

    Abstract : The theory of hyperbolic discounting can explain why people procrastinate. We test our hypothesis that people do have hyperbolic preferences by studying data describing the job search behavior among unemployed Swedish persons. READ MORE