Gaobo Pang

Northern Trust Asset Management

Sr. Vice President

50 South LaSalle Street

Chicago, IL 60603

United States

http://www.northerntrust.com

SCHOLARLY PAPERS

24

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6,910

CITATIONS
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Top 9,070

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49

Scholarly Papers (24)

Efficiency of Public Spending in Developing Countries: An Efficiency Frontier Approach

World Bank Policy Research Working Paper No. 3645
Number of pages: 69 Posted: 26 Jul 2005
Santiago Herrera and Gaobo Pang
World Bank and Northern Trust Asset Management
Downloads 1,065 (15,547)
Citation 14

Abstract:

Efficiency of public spending in developing countries : an efficiency frontier approach

World Bank Policy Research Working Paper No. 3645
Number of pages: 69 Posted: 20 Apr 2016
Santiago Herrera and Gaobo Pang
World Bank and Northern Trust Asset Management
Downloads 449 (51,591)
Citation 14

Abstract:

Environmental Economics&Policies Health Monitoring&Evaluation Economic Theory&Research Pharmaceuticals&Pharmacoeconomics Financial Crisis Management&Restructuring

Efficiency of Public Spending in Developing Countries: An Efficiency Frontier Approach

Number of pages: 52 Posted: 09 Mar 2012
Santiago Herrera and Gaobo Pang
World Bank and Northern Trust Asset Management
Downloads 27 (425,278)
Citation 14

Abstract:

2.

Comparing Strategies for Retirement Wealth Management: Mutual Funds and Annuities

Journal of Financial Planning,Vol. 22, No. 8, pp. 36-47, August 2009
Number of pages: 19 Posted: 27 Oct 2008 Last Revised: 29 Sep 2009
Gaobo Pang and Mark J. Warshawsky
Northern Trust Asset Management and Towers Watson
Downloads 900 (17,539)
Citation 2

Abstract:

Mutual Fund, Annuity, Guaranteed Minimum Withdrawal Benefit (GMWB), Asset Allocation, Defined Contribution Plan

3.

Why American Workers’ Retirement Income Security Prospects Look so Bleak: A Review of Recent Assessments

Published in Journal of Retirement, Summer 2014, 2(1): 35-54
Number of pages: 52 Posted: 06 May 2014 Last Revised: 13 Jan 2015
Gaobo Pang and Sylvester J. Schieber
Northern Trust Asset Management and Willis Towers Watson
Downloads 856 (19,226)

Abstract:

Retirement, income security, Social Security, standard of living

Comparing Costs and Risks of Retirement Plans for Sponsors

Number of pages: 24 Posted: 18 Jun 2010 Last Revised: 22 Sep 2012
Gaobo Pang and Mark J. Warshawsky
Northern Trust Asset Management and Towers Watson
Downloads 407 (58,217)

Abstract:

defined benefit, defined contribution, pension equity, cash balance

Comparing Costs and Risks of Retirement Plans for Sponsors

Risk Management and Insurance Review, Vol. 16, Issue 2, pp. 195-217, 2013
Number of pages: 23 Posted: 16 Nov 2013
Gaobo Pang and Mark J. Warshawsky
Northern Trust Asset Management and Towers Watson
Downloads 1 (579,783)
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Abstract:

5.

The Retirement Decision: Current Influences on the Timing of Retirement among Older Workers

PENSION FUND RISK MANAGEMENT: FINANCIAL AND ACTUARIAL MODELING, Ch. 13, M. Micocci, G. Gregoriou, G. Masala, Chapman and Hall, January 2010
Number of pages: 34 Posted: 20 Dec 2007 Last Revised: 29 Sep 2009
Northern Trust Asset Management, Towers Watson and Willis Towers Watson
Downloads 398 (54,646)
Citation 1

Abstract:

Retirement, Social Security, Defined Benefit and Defined Contribution Plans, Health Insurance, Business Cycle

6.

Optimizing the Equity-Bond-Annuity Portfolio in Retirement: The Impact of Uncertain Health Expenses

Insurance: Mathematics and Economics, 2009
Number of pages: 38 Posted: 20 Dec 2007 Last Revised: 28 Sep 2009
Gaobo Pang and Mark J. Warshawsky
Northern Trust Asset Management and Towers Watson
Downloads 345 (64,613)
Citation 17

Abstract:

annuity, asset allocation, health expense, precautionary savings, Social Security, pension, lifecycle

7.

Nigeria's Growth Record: Dutch Disease or Debt Overhang?

World Bank Policy Research Working Paper No. 4256
Number of pages: 32 Posted: 20 Apr 2016
Northern Trust Asset Management, World Bank and Universiteit van Amsterdam
Downloads 281 (85,924)
Citation 7

Abstract:

Public Sector Expenditure Analysis & Management, Economic Theory & Research, Public Sector Economics & Finance, Markets and Market Access, Economic Stabilization

8.

Does Freezing a Defined-Benefit Pension Plan Increase Company Value? Empirical Evidence

Financial Analysts Journal, Vol. 65, No.4, pp. 47-59, July/August 2009
Number of pages: 19 Posted: 22 Jan 2009 Last Revised: 29 Sep 2009
Willis Towers Watson, Northern Trust Asset Management and Towers Watson
Downloads 269 (90,400)
Citation 2

Abstract:

Firm Value, Defined Benefit Pensions, Pension Freeze, Event Study

9.

Calculating Savings Rates in Working Years Needed to Maintain Living Standards in Retirement

Benefits Quarterly, Vol. 25, No. 3, pp. 31-42, 2009
Number of pages: 16 Posted: 18 Dec 2008 Last Revised: 29 Sep 2009
Gaobo Pang and Mark J. Warshawsky
Northern Trust Asset Management and Towers Watson
Downloads 268 (90,046)
Citation 3

Abstract:

Defined Contribution (DC), Defined Benefit (DB), Savings and Replacement Rates, Living Standard

10.

India Rising - Faster Growth, Lower Indebtedness

World Bank Policy Research Working Paper No. 4241
Number of pages: 33 Posted: 20 Apr 2016
Gaobo Pang, Brian Pinto and Marina Wes
Northern Trust Asset Management, World Bank - Moscow Office and European Bank for Reconstruction and Development (EBRD)
Downloads 229 (105,069)

Abstract:

Economic Theory & Research, Banks & Banking Reform, Investment and Investment Climate, Public Sector Economics & Finance, External Debt

11.

Asset Allocations and Risk-Return Tradeoffs of Target-Date Funds

Number of pages: 17 Posted: 12 Jul 2009 Last Revised: 18 Oct 2009
Gaobo Pang and Mark J. Warshawsky
Northern Trust Asset Management and Towers Watson
Downloads 213 (105,523)
Citation 1

Abstract:

target-date fund, asset allocation, retirement accounts

12.

Default Investment Options in Defined Contribution Plans: A Quantitative Comparison

Pensions: an International Journal, Vol. 13, No. 4, pp. 221-226, October 2008
Number of pages: 12 Posted: 14 Apr 2008 Last Revised: 29 Sep 2009
Gaobo Pang and Mark J. Warshawsky
Northern Trust Asset Management and Towers Watson
Downloads 193 (125,027)
Citation 1

Abstract:

Balanced and Lifecycle Funds, Qualified Default Investment Alternatives (QDIAs), Defined Contribution Plans, Pension Protection Act

13.

Good Strategies for Wealth Distribution in Retirement

Number of pages: 13 Posted: 10 Jun 2010
Gaobo Pang and Mark J. Warshawsky
Northern Trust Asset Management and Towers Watson
Downloads 110 (195,610)

Abstract:

Mutual Fund, Annuity, Asset Allocation, Defined Contribution Plan, Retirement Income

14.

Retirement Savings Adequacy of U.S. Workers

Number of pages: 13 Posted: 11 May 2013
Gaobo Pang and Mark J. Warshawsky
Northern Trust Asset Management and Towers Watson
Downloads 91 (189,543)

Abstract:

15.

Reform of the Tax on Reversions of Excess Pension Assets

Journal of Pension Economics and Finance, Vol. 8, No. 1, pp. 107-130, January 2009
Number of pages: 42 Posted: 27 Jun 2007 Last Revised: 29 Sep 2009
Gaobo Pang and Mark J. Warshawsky
Northern Trust Asset Management and Towers Watson
Downloads 79 (249,631)
Citation 1

Abstract:

excess asset reversion, excise tax, defined benefit pensions, Pension Protection Act

16.

Implications of Some Deficit Reduction Proposals for Retirement Savings

Number of pages: 11 Posted: 11 Jul 2011 Last Revised: 26 Aug 2011
Gaobo Pang and Mark J. Warshawsky
Northern Trust Asset Management and Towers Watson
Downloads 71 (273,386)

Abstract:

defined contribution (DC), health reform, Social Security, Medicare, retirement

17.

Tax-Deferred Savings and Early Retirement

Watson Wyatt Technical Paper No. 2006-RP-15
Number of pages: 46 Posted: 20 Jan 2007
Gaobo Pang
Northern Trust Asset Management
Downloads 71 (261,118)

Abstract:

Tax-Deferred Savings, Retirement, Social Security, Life Cycle

18.

The Employer’s Decision to Provide Health Insurance under the Health Reform Law

Number of pages: 15 Posted: 08 Jul 2011 Last Revised: 21 Sep 2012
Gaobo Pang and Mark J. Warshawsky
Northern Trust Asset Management and Towers Watson
Downloads 50 (322,320)

Abstract:

Defined Contribution (DC), Health Reform, Savings and Replacement Rates, Living Standard, Retirement

19.

Measuring and Communicating Social Security Earnings Replacement Rates

Number of pages: 36 Posted: 13 Jan 2015
American Enterprise Institute, Northern Trust Asset Management and Willis Towers Watson
Downloads 44 (293,714)

Abstract:

Replacement rates, Social Security

20.

Implications of Proposed Tax Increases for Retirement Savings

Tax Notes, Vol. 125, No. 12, pp. 1349-1352, December 2009
Number of pages: 4 Posted: 09 Jan 2010 Last Revised: 24 Jan 2010
Gaobo Pang and Mark J. Warshawsky
Northern Trust Asset Management and Towers Watson
Downloads 31 (388,258)

Abstract:

tax, retirement savings, replacement rate, living standard

21.

How Does the Stock Market React to the Closure of a Pension Plan in the UK?

Towers Watson Technical Paper
Number of pages: 10 Posted: 23 Jul 2014
Jonathan Gardner, Gaobo Pang and Qi Zou
Towers Watson, Northern Trust Asset Management and Willis Towers Watson
Downloads 27 (369,604)

Abstract:

Stock market, Pension plans, Defined benefits, UK

22.

Fear of Fees in Defined Contribution Plans

Pang, Gaobo. 2016. “Fear of Fees in Defined Contribution Plans.” Journal of Financial Planning 29 (7): 46–51.,
Number of pages: 10 Posted: 02 Jul 2016 Last Revised: 29 Jul 2016
Gaobo Pang
Northern Trust Asset Management
Downloads 0 (506,049)

Abstract:

defined contribution (DC), target date funds (TDF), fees, fiduciary duty, plan sponsors, retirement, behavioral bias

23.

Uncertainty, Economic Reforms and Private Investment in the Middle East and North Africa

Applied Economics, Vol. 41, No. 11, pp. 1379-1395, April 2009
Posted: 24 Sep 2009
Boğaziçi University, Northern Trust Asset Management and Cerdi-Université d'Auvergne - Clermont 1

Abstract:

Private Investment, Middle East, North Africa

24.

Does Freezing a Defined-Benefit Pension Plan Increase Company Value? Empirical Evidence

Financial Analysts Journal, Vol. 65, No. 4, 2009
Posted: 23 Sep 2009
Willis Towers Watson, Northern Trust Asset Management and Towers Watson

Abstract:

Equity Investments, Research Sources, Corporate Finance, Long- and Short-Term Financing Decisions, Risk Measurement and Management, Firm/Enterprise Risk, Business Strategy, Long-Term Strategic Planning