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Soffliggare på jobbet: En kvantitativ studie om ickevals-alternativen i de fyra stora avtalsområdena inom den kollektivavtalade tjänstepensionen
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Economics.
2019 (Swedish)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
Abstract [sv]

Tjänstepensionen utgör en viktig del av en individs pension och prognoser visar att den kommerutgöra en allt större del av den totala pensionen. Trots den ökande betydelsen är kunskapsenkring tjänstepensionen låg. Varje tjänstepensionsavtal har ett ickevals-alternativ som spararesom inte gör ett eget val, soffliggarna, hamnar i.

Denna uppsats undersöker vilka skillnader som finns mellan ickevals-alternativen i de fyra största tjänstepensionsavtalen: ITP, PA 16, AKAP-KL/KAP-KL och SAF-LO. Skillnaderna som studeras är värdeökning till följd av den årliga avkastningen under perioden 2008-2018,risk i form av standardavvikelse och känslighet för förändringar på marknaden (Beta),Sharpekvoten och Jensens alfa.

Resultatet visar att det finns ekonomiskt sigfnikanta skillnader i alla av de prestationsmått som undersöks. Några statistiska skillnader i differensen i den genomsnittliga avkastningen eller differensen i Jensens alfa när beta är kontrollerat för finnes ej.

Abstract [en]

Occupational pension is an important part of an individual’s pension and projections showthat it will make up an increasingly larger part of the total pension. Despite its increasingimportance, the knowledge regarding occupational pension is low. Each occupational pensionagreement has a default alternative where the savings of the people who do not make a choiceof their own, the idlers, end up in.

This thesis examines if and what differences exist between default alternatives in the four largest occupational pension agreements: ITP, PA 16, AKAP-KL/KAP-KL and SAF-LO. The examined differences are the yearly returns and the value increase it results in during theperiod 2008-2019, risk in terms of standard deviation and sensitivity to changes in the market(Beta), Sharpe ratio and Jensen’s alpha.

The result shows that there is significant economical differences in all of the performance measures that are examined. Any statistical significant differences in the average return and differences in Jensen’s alpha when beta is controlled for was not found.

Place, publisher, year, edition, pages
2019. , p. 61
Keywords [en]
Occupational pension, default alternative, CAPM, beta, Jensen's alpha
Keywords [sv]
Tjänstepension, ickevals-alternativ, CAPM, beta, Jensens alfa
National Category
Economics
Identifiers
URN: urn:nbn:se:uu:diva-389462OAI: oai:DiVA.org:uu-389462DiVA, id: diva2:1341856
Subject / course
Economics
Supervisors
Examiners
Available from: 2019-08-12 Created: 2019-08-12 Last updated: 2019-08-12Bibliographically approved

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Soffliggare på jobbet(698 kB)5 downloads
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