| RESEARCH
Most of these papers can be downloaded from my RePEc page or my SSRN
Author Page. Please feel free to contact me about any papers
you can't find.
My main research interests include
asset allocation decisions for pension systems, stochastic modeling for
defined-benefit and defined-contribution pensions, and retirement planning
decisions for individuals.
RESEARCH PAPERS CURRENTLY UNDER REVIEW FOR PUBLICATION
Pfau, W. D., "Lifecycle Funds and Wealth Accumulation for Retirement: Evidence for a More Conservative Asset Allocation as Retirement Approaches." GRIPS Discussion Paper 09-15. Tokyo: GRIPS.
Pfau, W. D., "The Portfolio Size Effect and Lifecycle Asset Allocation Funds: A Different Perspective." [revise and resubmit]
Okita, Y., W. D. Pfau, and L. T. Giang, "A Stochastic Forecast Model
for Japan’s Population." GRIPS Discussion Paper 09-06. Tokyo: GRIPS. [revise and resubmit]
Pfau, Wade D., and Giang Thanh Long. "Remittances, Living Arrangements,
and the Welfare of the Elderly." Vietnam Development Forum Working Paper
0901. Hanoi: VDF.
Pfau, Wade D., and Giang Thanh Long. "Groups Excluded from ‘Representative’
Household Surveys: An Analysis Based on Remittances Sent and Received in
Vietnam." GRIPS Discussion Paper 08-15. Tokyo: GRIPS.
PUBLISHED RESEARCH
Pensions, Social Security, and Retirement Planning in the United States
*NEW* Pfau, W. D., "What Will the Likely Range of My Wealth Be?: A Comment." Financial Analysts Journal.
forthcoming.
Pfau, W. D., "An Optimizing Framework for the Glide Paths of Lifecyle Asset Allocation Funds." Applied Economic Letters.
forthcoming.
Pfau, Wade D. "How Representative are Representative Workers? An Assessment of the Hypothetical Workers Commonly Used in Social Security Studies." Journal
of Income Distribution. Vol 18, No. 2 (June 2009), p, 92-117. [note: a revised version of this article appears with the name, "Assessing the Applicability of Hypothetical Workers for Defined-Contribution Pensions," but a printing error at the journal resulted in the published article appearing with its originally submitted name]
Pfau, Wade D. "Reforming Social Security: Issues and Challenges for
Personal Retirement Accounts," East and West Studies. Vol. 19, No.
1 (Summer 2007), p. 215-242.
Pfau, Wade D. "Comparing the Impacts of Social Security Benefit Reductions
on the Income Distribution of the Elderly," National
Tax Journal. Vol. LIX, No. 2 (June 2006), p. 195-210.
Pfau, Wade D. "The Effects of Social Security on Private Savings: A
Reappraisal of the Time Series Evidence," Sophia
International Review. Vol. 27, No. 1 (2005), p. 57-70.
Pensions and Retirement Savings in Other Countries
Pfau, Wade D., "Emerging Market Pension Funds and International Diversification,"
Journal of Developing Areas.
forthcoming.
Pfau, Wade D. "The Role of International Diversification in Public Pension
Systems: The Case of Pakistan," Economic
Issues. Vol. 14, Part 2 (September 2009), p. 81-105.
Giang, Thanh Long, and Wade D. Pfau. "Demographic Changes and
Pension Scheme Finances in Vietnam: A Long-Term Stochastic Actuarial Assessment."
Journal
of Population Ageing. Vol. 1, No. 2-4 (July 2009), p. 125-151.
Giang, Thanh Long, and Wade D. Pfau. "An Exploration of a Non-contributory
Pension Scheme in Vietnam," in Aris Ananta and Evi Nurvidya Arifin (eds.)
Older
Persons in Southeast Asia - An Emerging Asset. Singapore: Institute
of Southeast Asia Studies. (2009), p. 140-164.
Giang, Thanh Long, and Wade D. Pfau. "Aging, Poverty, and the
Role of Social Pensions in Vietnam," Development
and Change. Vol. 40, No. 2 (March 2009), p. 333-360.
Pfau, Wade D., and Vararat Atisophon. "The Impact of the National Pension
Fund on the Suitability of Elderly Pensions in Thailand," Asian
Economic Journal. Vol. 23, No. 1 (March 2009), p. 41-63.
Khasanbaev, Alisher, and Wade D. Pfau. "The Funded Pension Scheme
in Uzbekistan: An Analysis," Sophia
International Review. Vol. 31, No. 1 (2009), p. 75-92.
Vietnam Household Surveys
(Two papers about social pensions in Vietnam are included above)
Giang, L. T., and W. D. Pfau. "The Vulnerability of the Elderly
to Poverty: Determinants and Policy Implications for Vietnam," Asian
Economic Journal. Vol. 23, No. 4 (December 2009), p. 419-437.
Pfau, Wade D., and Giang Thanh Long. "Determinants and Impacts of International
Remittances on Household Welfare in Vietnam," International
Social Science Journal. Vol. 60, No. 194, forthcoming.
Pfau, Wade D., and Giang Thanh Long. "Gender and Remittance Flows in
Vietnam During Economic Transformation," Asia-Pacific
Population Journal . Vol. 23, No. 2 (August 2008), p. 13-32.
Giang, Thanh Long, and Wade D. Pfau. "Ban ve tinh kha thi cua
he thong huu tri xa hoi pho cap o Vietnam" (On the Feasibility of a Universal
Social Pension Scheme in Vietnam), Tap chi Kinh te va Phat trien (Economics
and Development Review). No. 135 (2008), p. 51-57. [in Vietnamese]
Giang, Thanh Long, and Wade D. Pfau. "Vai tro cua huu tri xa hoi
trong viec giam ngheo cho nguoi cao tuoi o Vietnam" (The Role of Social
Pensions in Reducing Poverty Incidence for the Elderly in Vietnam), (with
Giang Thanh Long) Tap chi Nghien cuu Kinh te (Economic Studies).
No. 3(358) (March 2008), p. 57-67. [in Vietnamese]
Pfau, Wade D., and Giang Thanh Long. "The Growing Role of International
Remittances in the Vietnamese Economy: Evidence from the Vietnam (Household)
Living Standard Surveys," in Pookong Kee and Hidetaka Yoshimatsu (eds.)
Global Movements
in the Asia Pacific. Singapore: World Scientific Publishing. (2010), p. 225-248.
Giang, Thanh Long, and Wade D. Pfau. "Patterns and Determinants of Living
Arrangements of the Elderly in Vietnam," in Giang Thanh Long (ed.) Social
Issues Under Economic Transformation and Integration in Vietnam.
Hanoi: The Publishing House of Social Labour. Vol. 2 (2007), p. 147-176.
Giang, Thanh Long, and Wade D. Pfau. "The Elderly Population in Vietnam
during Economic Transformation: An Overview," in Giang Thanh Long and Duong
Kim Hong (eds.) Social Issues
Under Economic Transformation and Integration in Vietnam. Hanoi:
Vietnam Development Forum. Vol. 1 (2007), p. 185-210.
Miscellaneous Topics
Moghal, Sajjad, and Wade D. Pfau. "An Investigation of Firm Heterogeneity
in the Constraints to Development and Growth in Pakistan," Pakistan
Development Review. Vol. 48, No. 1 (Spring 2009), p. 1-22.
Le, Viet Hung, and Wade D. Pfau. "VAR Analysis of the Monetary Transmission
Mechanism in Vietnam." Applied
Econometrics and International Development. Vol. 9, No. 1 (January
– June 2009), p. 165-179.
Pfau, Wade D. "Predicting the Medal Wins by Country at the 2006 Winter
Olympic Games: An Econometrics Approach," The
Korean Economic Review. Vol. 22, No. 2 (Winter 2006), p. 233-247.
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