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Neoplasms --- in old age.
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We offer an alternative framework for the analysis of mutual funds and use it to examine the rationale behind existing regulations that require mutual fund advisor fees to be of the fulcrum' variety. We find little justification for the regulations. Indeed, we find that asymmetric incentive fees' in which the advisor receives a flat fee plus a bonus for exceeding a benchmark index provide Pareto-dominant outcomes with a lower level of equilibrium volatility. Our model also offers some insight into fee structures actually in use in the asset-management industry. We find that when leveraging is not permitted and the fee structure must be of the fulcrum variety, the equilibrium fee in our model is a flat fee with no performance component; if asymmetric incentive fees are allowed and leveraging is permitted the equilibrium fee is an incentive fee with a large performance component. These predictions match observed fee structures in the mutual fund industry and the hedge fund industry, respectively.
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Old age pensions --- -Old age pensions --- -Pension funds --- -Pensions
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Emotions in old age --- Memory in old age --- Reminiscing in old age --- Senile dementia
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Old age --- Old age --- Old age --- Aging --- Vieillesse --- Vieillesse --- Vieillissement --- Social aspects --- Economic aspects --- Social policy --- Aspect social --- Politique sociale
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Old age assistance --- Social security --- Finance
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Old age assistance --- Personnes âgées --- Protection, assistance, etc.
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Defined contribution pension plans --- Old age pensions --- Pension trusts --- Finance
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Fred C. Pampel describes how age combines with other components of inequality by comparing the influence of group membership on social inequality before and after the life course transition to old age. He looks at the differences in public policy and how age inequality -- more than the other sources of inequality -- relates closely to government policies and studies other societies in which both age group differences and overall inequality differ from those in the United States. Pampel makes a comparison of the United States with other nations a central component of the book, providing grea
Equality --- Equality. --- Old age assistance --- Old age assistance. --- Older people --- Egalitarianism --- Inequality --- Social equality --- Social inequality --- Political science --- Sociology --- Democracy --- Liberty --- Old age benefits --- Economic assistance, Domestic --- Supplemental security income program --- Government policy --- Government policy. --- Social conditions.
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