Faculty of Economics and Business Administration Publications Database

Author

Prof. Dr. Raimond Maurer


Department

  • Finance

Chair

  • Chair of Investment, Portfolio Management, and Pension Finance

Academic / Professional Positions

  • Since 2000:  Professor, Goethe University Frankfurt, Germany

Education

  • 1999:  Habilitation, Mannheim University
  • 1995:  Dr. rer. pol., Mannheim University
  • 1991:  Dipl. Kfm., Mannheim University
  • 1986:  Bankkaufmann, Sparkasse Heppenheim / IHK Darmstadt

Research Interests

  • Investment & Portfolio Management
  • Pension Finance
  • Real Estate Finance
  • Regulation of investment funds

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Author Publications

Time discounting and economic decision-making in the older population
The Journal of the Economics of Ageing
2017 Huffman, David
Maurer, Raimond
Mitchell, Olivia S.
Will They Take the Money and Work? People’s Willingness to Delay Claiming Social Security Benefits for a Lump Sum
Journal of Risk and Insurance
Selected
2016
Maurer, Raimond
Mitchell, Olivia S.
Rogalla, Ralph
Schimetschek, Tatjana
How Family Status and Social Security Claiming Options Shape Optimal Life Cycle Portfolios
Review of Financial Studies
Selected
2016 Hubener, Andreas
Maurer, Raimond
Mitchell, Olivia S.
Time is money: Rational life cycle inertia and the delegation of investment management
Journal of Financial Economics
Selected
2016 Hoikwang Kim, Hugh
Maurer, Raimond
Mitchell, Olivia S.
Accounting and actuarial smoothing of retirement payouts in participating life annuities
Insurance: Mathematics and Economics
2016
Maurer, Raimond
Mitchell, Olivia S.
Rogalla, Ralph
Siegelin, Ivonne
Investment- und Risikomanagement: Modelle, Methoden, Anwendungen
Schäffer Poeschel
2016 Albrecht, Peter
Maurer, Raimond
Integrated risk management for defined benefit pensions: models and metrics
Journal of Pension Economics and Finance
2015
Maurer, Raimond
Return-based classification of absolute return funds
Journal of Asset Management
2015 Gerlach, Philipp
Maurer, Raimond
Optimal life cycle portfolio choice with variable annuities offering liquidity and investment downside protection
Insurance: Mathematics and Economics
2015 Horneff, Vanya
Maurer, Raimond
Mitchell, Olivia S.
Rogalla, Ralph
Optimal Portfolio Choice with Annuities and Life Insurance for Retired Couples
Review of Finance
Selected
2014 Hubener, Andreas
Maurer, Raimond
Rogalla, Ralph
Welfare Implications of Product Choice Regulation during the Payout Phase of Funded Pensions
Journal of Pension Economics and Finance
2014 Horneff, Vanya
Kaschützke, Barbara
Maurer, Raimond
Rogalla, Ralph
Recreating Sustainable Retirement: Resilience, Solvency, and Tail Risk
Oxford University Press
2014
Maurer, Raimond
Lifecycle Portfolio Choice With Systematic Longevity Risk and Variable Investment-linked Deferred Annuities
Journal of Risk and Insurance
Selected
2013
Maurer, Raimond
Mitchell, Olivia S.
Rogalla, Ralph
Kartashov, Vasily
Participating Payout Annuities: Lessons from Germany
ASTIN Bulletin
2013
Maurer, Raimond
Rogalla, Ralph
Siegelin, Ivonne
Does Size Matter? Scale and Scope Economies of German Investment Management Companies Mutual Fund Industry
Schmalenbach Business Review
2013 Schäfer, Alexander
Maurer, Raimond
The Liquidity Crisis of German Open-end Real Estate Funds and their Impact on Optimal Asset Allocation in Retirement
Journal of Business Economics (formerly: Zeitschrift für Betriebswirtschaft ZfB)
2012
Maurer, Raimond
Rogalla, Ralph
Shen, Yuanyuan
Reshaping Retirement Security - Lessons from the Global Financial Crisis
Oxford University Press
2012
Maurer, Raimond
Lifecycle Impacts of the Financial and Economic Crisis on Household Optimal Consumption, Portfolio Choice, and Labor Supply
Oxford University Press
2012 Chai, Jingjing
Maurer, Raimond
Mitchell, Olivia S.
Rogalla, Ralph
Optimal Portfolio Choice over the Life-Cycle with Flexible Work, Endogenous Retirement, and Lifetime Payouts
Review of Finance
Selected
2011 Chai, Jingjing
Horneff, Wolfram J.
Maurer, Raimond
Mitchell, Olivia S.
How unobservable Bond Positions in Retirement Accounts affect Asset Allocation
OR Spectrum
Selected
2011 Marekwica, Marcel
Maurer, Raimond
bAV in Deutschland : kann die Politik zufrieden sein?
Zeitschrift für das gesamte Kreditwesen
2011
Maurer, Raimond
Asset Meltdown - Fact or Fiction?
Journal of Real Estate Portfolio Management
2011 Marekwica, Marcel
Maurer, Raimond
Sebastian, Steffen
The Private Life Annuity Market in Germany: Products and Money''s Worth Ratios
Oxford University Press
2011 Kaschützke, Barbara
Maurer, Raimond
Dynamic Portfolio Choice with Deferred Annuities
Journal of Banking and Finance
Selected
2010 Horneff, Wolfram J.
Maurer, Raimond
Rogalla, Ralph
The Effect of Uncertain Labor Income and Social Security on Lifecycle Portfolios
Reorienting Retirement Risk Management
2010
Maurer, Raimond
Rogalla, Ralph
Variable Payout Annuities and Dynamic Portfolio Choice in Retirement
Journal of Pension Economics and Finance
2010 Horneff, Wolfram J.
Maurer, Raimond
Mitchell, Olivia S.
Stamos, Michael Z.
The Effect of Uncertain Labor Income and Social Security on Life-cycle Portfolios
Oxford University Press
2010
Maurer, Raimond
Mitchell, Olivia S.
Rogalla, Ralph
Asset Allocation and Location over the Life Cycle with Investment-Linked Survival-Contingent Payouts
Journal of Banking and Finance
Selected
2009 Horneff, Wolfram J.
Maurer, Raimond
Mitchell, Olivia S.
Stamos, Michael Z.
Managing Contribution and Capital Market Risk in a Funded Public Defined Benefit Plan: Impact of CVaR Cost Constraints
Insurance: Mathematics and Economics
2009
Maurer, Raimond
Mitchell, Olivia S.
Rogalla, Ralph
Zur Eigenmittelunterlegung von Leistungszusagen in der Auszahlungsphase bei investmentfondbasierten Alttersvorsorgeverträgen: Ein Gestaltungsvorschlag
Kredit und Kapital
2009 Dus, Ivica
Maurer, Raimond
Optimal Dynamic Annuitization: Quantifying the Cost of Switching to Annuities
Journal of Risk and Insurance
Selected
2008 Horneff, Wolfram J.
Maurer, Raimond
Stamos, Michael Z.
Life-Cycle Asset Allocation with Annuity Markets
Journal of Economic Dynamics and Control
Selected
2008 Horneff, Wolfram J.
Maurer, Raimond
Stamos, Michael Z.
The Victory of Hope over Angst? Funding, Asset Allocation, and Risk-Taking in German Public Sector Pension Reform
Frontiers in Pension Finance
2008
Maurer, Raimond
Mitchell, Olivia S.
Rogalla, Ralph
Following the Rules: Integrating Asset Allocation and Annuitization in Retirement Portfolios
Insurance: Mathematics and Economics
2008 Horneff, Wolfram J.
Maurer, Raimond
Mitchell, Olivia S.
Dus, Ivica
Structural positions and risk budgeting - Quantifying the impact of structural positions and deriving implications for active portfolio management
Journal of Asset Management
2008 Herold, Ulf
Maurer, Raimond
Investment- und Risikomanagement. Modelle, Methoden, Anwendungen
Schäffer Poeschel
2008 Albrecht, Peter
Maurer, Raimond
The German Insurance Industry: Market Overview and Trends
Handbook of International Insurance. Between Global Dynamics and Local Contingencies
2007
Maurer, Raimond
Somova, Barbara
Hedging the Exchange Rate Risk in International Portfolio Diversification: Currency Forwards versus Currency Options
Managerial Finance
2007
Maurer, Raimond
Valiani, Shohreh
Total Return Strategies for Multi-Asset Portfolios: Dynamically Managing Portfolio Risk
Journal of Portfolio Management
2007 Herold, Ulf
Maurer, Raimond
Stamos, Michael Z.
Vo, Huy Thanh
Understanding and Allocating Investment Risks in a Hybrid Pension Plan
Restructuring Retirement Risks
2006 Albrecht, Peter
Coche, Joachim
Maurer, Raimond
Rogalla, Ralph
Portfolio Choice and Estimation Risk: A Comparison of Bayesian to Heuristic Approaches
ASTIN Bulletin
2006 Herold, Ulf
Maurer, Raimond
Total Return Fixed Income Management: A Risk-Based Dynamic Strategy
The Journal of Portfolio Management
2005 Herold, Ulf
Maurer, Raimond
Purschaker, Nader
Betting on Death and Capital Markets in Retirement: A Shortfall Risk Analysis in Life Annuities versus Phased Withdrawal Plans
Financial Services Review
2005 Dus, Ivica
Maurer, Raimond
Mitchell, Olivia S.
Institutional Investors in Germany: Insurance Companies and Investment Funds
The German Financial System
2004
Maurer, Raimond
Tactical Asset Allocation and Estimation Risk
Financial Markets and Portfolio Management
2004 Herold, Ulf
Maurer, Raimond
Return and Risk of German Open-End Real Estate Funds
Journal of Property Research
2004
Maurer, Raimond
Reiner, Frank
Pogalla, Ralph
Hedonic Price Indices for the Paris Housing Market (Construction of a Transaction-Based Real Estate Index for the Paris Housing Market)
Allgemeines Statistisches Archiv / Journal of the German Statistical Society
2004
Maurer, Raimond
Pitzer, Martin
Sebastian, Steffen
Characteristics of German Real Estate Return Distribution: Evidence from Germany and Comparison to the U.S. and the U.K.
Journal of Real Estate Portfolio Management
2004
Maurer, Raimond
Reiner, Frank
Sebastian, Steffen
Money-Back Guarantees in Individual Pension Accounts: Evidence from the German Pension Reform
The Pension Challenge: Risk Transfers and Retirement Income Security
2003
Maurer, Raimond
Schlag, Christian
How Much Credit?
Journal of Fixed Income
2003 Herold, Ulf
Maurer, Raimond
Bayesian Asset Allocation and U.S. Domestic Bias
Financial Analysts` Journal
2003 Herold, Ulf
Maurer, Raimond
Self-Annuitization, Consumption Shortfall in Retirement and Asset Allocation: The Annuity Benchmark
Journal of Pension Economics and Finance
2002 Albrecht, Peter
Maurer, Raimond
International Equity Portfolios and Currency Hedging: The Viewpoint of German and Hungarian Investors
ASTIN Bulletin
2002 Bugár, Gyöngyi
Maurer, Raimond
Inflationsrisiken von Aktien, Bonds und indirekten Immobilienanlagen
Kredit und Kapital
2002
Maurer, Raimond
Sebastian, Steffen
International Asset Allocation with Real Estate Securities in a Shortfall Risk Framework: The Viewpoint of German and US Investors
Journal of Real Estate Portfolio Management
2002
Maurer, Raimond
Reiner, Frank
Inflation Risk Analysis of European Real Estate Securities
Journal of Real Estate Research
2002
Maurer, Raimond
Sebastian, Steffen
Shortfall Risk of Stocks in the Long Run
Financial Markets and Portfolio Management
2001 Albrecht, Peter
Maurer, Raimond
Ruckpaul, Ulla
Zur Quantifizierung der Risikoprämien deutscher Versicherungsaktien im Kontext eines Multifaktorenmodells
Zeitschrift für die gesamte Versicherungswissenschaft
2000 Elgeti, Rolf
Maurer, Raimond
Zur Bedeutung einer Ausfallbedrohtheit von Versicherungskontrakten — ein Beitrag zur Behavioral Insurance
Zeitschrift für die gesamte Versicherungswissenschaft
2000 Albrecht, Peter
Maurer, Raimond
Internationale Diversifikation von Aktien- und Anleiheportfolios aus der Perspektive deutscher Investoren
Die Betriebswirtschaft (DBW)
2000
Maurer, Raimond
Mertz, Alexander
Analytische Evaluation des Risiko-Chance-Profils kombinierter Aktien- und Optionsstrategien
Blätter der Deutschen Gesellschaft für Versicherungsmathematik
2000 Adam, Michael
Maurer, Raimond
Die Performance internationaler Portfolio-Diversifikationsstrategien aus der Sicht deutscher und ungarischer Investoren
Kredit und Kapital
1999 Bugár, Gyöngyi
Maurer, Raimond
Immobilienfonds und Immobilienaktiengesellschaften als finanzwirtschaftliche Substitute für Immobiliendirektanlagen
Journal of Business Economics (formerly: Zeitschrift für Betriebswirtschaft ZfB)
1999
Maurer, Raimond
Sebastian, Steffen
Risk Value Analysis of Covered Short Call and Protective Put Portfolio Strategies
Financial Markets and Portfolio Management
1999 Adam, Michael
Maurer, Raimond
Shortfall-Risiko / Excess-Chance-Entscheidungskalküle: Grundlagen und Beziehungen zum Bernoulli-Prinzip
Zeitschrift für Wirtschafts- und Sozialwissenschaften
1998 Albrecht, Peter
Maurer, Raimond
Möller, Matthias
Strukturen und Finanzierungsalternativen der Altersvorsorge in Rußland: Die Deutsche Gestaltung als Vorbild?
Zeitschrift für die gesamte Versicherungswissenschaft
1998 Feiguine, Grigory
Maurer, Raimond
Schradin, Heinrich
Risikoanreize bei der Gestaltung erfolgsabhängiger Entlohnungssysteme für Kapitalanlagegesellschaften
zfbf Schmalenbachs Zeitschrift für betriebswirtschaftliche Forschung
1998
Maurer, Raimond
Analyse und Bewertung des Ausfallrisikos bei OTC-Derivaten - eine spezifische Adaption des Value at Risk Ansatzes
Journal of Business Economics (formerly: Zeitschrift für Betriebswirtschaft ZfB)
1997 König, Alexander
Maurer, Raimond
Schradin, Heinrich
Konstruktion einer Immobilien-Benchmark und deren Anwendung im Investment-Management
Journal of Business Economics (formerly: Zeitschrift für Betriebswirtschaft ZfB)
1996
Maurer, Raimond
Stephan, Thomas G.
Multi-Faktorenmodelle: Grundlagen und Einsatz im Management von Aktien-Portefeuilles
zfbf Schmalenbachs Zeitschrift für betriebswirtschaftliche Forschung
1996 Albrecht, Peter
Maurer, Raimond
Mayser, Jürgen
Shortfall-Perfomance rollierender Wertsicherungsstrategien
Financial Markets and Portfolio Management
1995 Albrecht, Peter
Maurer, Raimond
Stephan, Thomas G.
Portfolio Insurance Strategien zur Wertsicherung von Aktien-Portefeuilles
Blätter der Deutschen Gesellschaft für Versicherungsmathematik
1992 Albrecht, Peter
Maurer, Raimond