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# Table 4 Local linear regression: Share of Equity Assets Related to the Funding Ratio

From: Swiss pension funds: funding ratio, discount rate, and asset allocation

Year | f(85) | f(90) | f(95) | f(100) | f(105) | f(110) | f(115) | |
---|---|---|---|---|---|---|---|---|

2006 |
f(x)
| – | – | – | 18.0 | 22.9 | 26.6 | 29.6 |

C.I. | – | – | – | [14.3; 21.8] | [21.4; 24.4] | [25.2; 27.9] | [28.3; 31.0] | |

h(x)
| – | – | – | 8.0 | 3.9 | 2.5 | 2.5 | |

2007 |
f(x)
| – | – | – | 20.2 | 23.2 | 26.0 | 27.2 |

C.I. | – | – | – | [17.0; 23.4] | [21.7; 24.6] | [24.6; 27.3] | [26.0; 28.5] | |

h(x)
| – | – | – | 6.4 | 3.0 | 2.3 | 2.2 | |

2008 |
f(x)
| 26.8 | 24.1 | 21.9 | 17.9 | 19.0 | 16.1 | 17.7 |

C.I. | [25.0; 28.5] | [22.8; 25.4] | [20.7; 23.1] | [15.6; 20.2] | [16.8; 21.1] | [14.5; 17.8] | [15.8; 19.6] | |

h(x)
| 4.9 | 2.0 | 1.1 | 1.1 | 1.7 | 3.4 | 5.4 | |

2009 |
f(x)
| 30.7 | 28.4 | 27.6 | 22.5 | 25.3 | 25.7 | 25.5 |

C.I. | [22.7; 38.7] | [25.2; 31.6] | [24.7; 30.5] | [20.1; 25.0] | [24.0; 26.7] | [24.1; 27.3] | [23.9; 27.1] | |

h(x)
| 8.1 | 3.8 | 1.3 | 3.2 | 1.5 | 2.1 | 3.8 | |

2010 |
f(x)
| 25.7 | 28.5 | 30.9 | 24.8 | 26.2 | 25.8 | 26.5 |

C.I. | [19.5; 32.0] | [23.8; 33.1] | [27.2; 34.6] | [22.3; 27.4] | [24.9; 27.5] | [24.4; 27.1] | [25.0; 28.0] | |

h(x)
| 7.4 | 3.6 | 1.2 | 2.9 | 1.5 | 2.3 | 4.0 | |

2011 |
f(x)
| 27.7 | 25.0 | 26.3 | 23.9 | 23.9 | 24.4 | 22.5 |

C.I. | [23.1; 32.3] | [21.7; 28.2] | [24.1; 28.5] | [21.6; 26.1] | [22.5; 25.2] | [23.0; 25.8] | [20.8; 24.1] | |

h(x)
| 7.2 | 3.2 | 1.3 | 1.6 | 1.5 | 2.8 | 5.2 | |

2012 |
f(x)
| 28.1 | 28.7 | 29.1 | 21.9 | 26.4 | 25.5 | 26.5 |

C.I. | [19.0; 37.2] | [25.5; 31.9] | [26.9; 31.4] | [18.6; 25.2] | [25.0; 27.7] | [24.0; 27.1] | [25.2; 27.9] | |

h(x)
| 7.8 | 3.5 | 1.5 | 3.5 | 1.6 | 2.2 | 3.7 | |

2013 |
f(x)
| 42.1 | 37.5 | 30.4 | 21.6 | 26.3 | 27.4 | 29.8 |

C.I. | [30.5; 53.8] | [26.1; 49.0] | [25.3; 35.5] | [18.6; 24.6] | [24.8; 27.9] | [26.2; 28.7] | [28.6; 31.0] | |

h(x)
| 7.9 | 3.6 | 0.9 | 5.1 | 2.2 | 1.9 | 2.9 | |

2014 |
f(x)
| 33.0 | 40.5 | 32.3 | 23.2 | 25.1 | 26.4 | 30.3 |

C.I. | [− 37.0; 102.9] | [− 19.1; 100.1] | [19.8; 44.9] | [18.7; 27.7] | [23.6; 26.7] | [24.9; 27.8] | [29.2; 31.5] | |

h(x)
| 8.9 | 5.8 | 1.4 | 7.7 | 3.7 | 2.3 | 2.3 | |

2015 |
f(x)
| 33.9 | 30.2 | 46.7 | 24.4 | 26.8 | 27.7 | 30.8 |

C.I. | [20.6; 47.2] | [22.6; 37.9] | [32.0; 61.5] | [20.8; 28.1] | [25.5; 28.1] | [26.3; 29.0] | [29.4; 32.3] | |

h(x)
| 9.7 | 5.2 | 1.6 | 5.3 | 2.5 | 2.0 | 2.4 | |

2016 |
f(x)
| – | – | – | 24.5 | 28.7 | 28.5 | 30.8 |

C.I. | – | – | – | [20.7; 28.3] | [27.5; 29.8] | [27.1; 29.9] | [29.5; 32.1] | |

h(x)
| – | – | – | 5.0 | 2.2 | 2.2 | 2.5 | |

2017 |
f(x)
| – | – | – | 17.3 | 26.7 | 29.5 | 30.6 |

C.I. | – | – | – | [13.0; 21.5] | [25.0; 28.5] | [28.2; 30.7] | [29.2; 32.1] | |

h(x)
| – | – | – | 8.2 | 3.8 | 2.4 | 2.1 |