Show simple item record

dc.contributor.authorBetzuen Álvarez, Amaia Jone ORCID
dc.contributor.authorBetzuen Zalbidegoitia, Amancio
dc.date.accessioned2024-09-30T17:17:19Z
dc.date.available2024-09-30T17:17:19Z
dc.date.issued2024-09-06
dc.identifier.citationRisks 12(9) : (2024) // Article ID 142es_ES
dc.identifier.issn2227-9091
dc.identifier.urihttp://hdl.handle.net/10810/69613
dc.description.abstractThis paper aims to assess the return and downside risk of a decumulation portfolio established at the retirement age of a senior, with a determined lifetime horizon differentiated by the sex of the citizen. To measure the portfolio’s return and downside risk, two ratios conditioned by seniors’ risk attitude towards portfolio failure are employed: the downside Sortino ratio and the downside risk–return ratio. Unlike other research in the field, this manuscript provides three portfolio compositions catering to different senior investment profiles: aggressive, moderate, and conservative. Additionally, it offers a decumulation horizon conditioned by the sex-specific life expectancy of the individual, instead of offering different scenarios for conducting a sensitivity analysis. Lastly, this study was conducted across three socioeconomically distinct countries: the US, Spain, and Japan. The results clearly demonstrate that both sex and nationality significantly influence the selection of the optimal decumulation portfolio composition aimed at exhausting funds by the senior’s demise.es_ES
dc.language.isoenges_ES
dc.publisherMDPIes_ES
dc.rightsinfo:eu-repo/semantics/openAccesses_ES
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/es/
dc.subjectdownside riskes_ES
dc.subjectseniores_ES
dc.subjectfinancial planninges_ES
dc.subjectdecumulation portfolioes_ES
dc.subjectretirementes_ES
dc.subjectsexes_ES
dc.titleThe Role of Sex in the Assessment of Return and Downside Risk in Decumulation Financial Planninges_ES
dc.typeinfo:eu-repo/semantics/articlees_ES
dc.date.updated2024-09-27T13:19:16Z
dc.rights.holder© 2024 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/ 4.0/).es_ES
dc.relation.publisherversionhttps://www.mdpi.com/2227-9091/12/9/142es_ES
dc.identifier.doi10.3390/risks12090142
dc.departamentoesEconomía financiera II
dc.departamentoeuFinantza ekonomia II


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record

© 2024 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/ 4.0/).
Except where otherwise noted, this item's license is described as © 2024 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/ 4.0/).