1. What are the nontax costs associated with providing pension benefits for employees? 2. How does the Black–Tepper stocks-versus-bonds puzzle pertain to pension planning? Is it still tax advantageous...

1. What are the nontax costs associated with providing pension benefits for employees?

2. How does the Black–Tepper stocks-versus-bonds puzzle pertain to pension planning? Is it still tax advantageous for corporations to hold bonds in their pension accounts subsequent to the 1986 Tax Act?

3. How does the length of time that the pension contribution will remain in the pension account affect whether pension is preferred to salary? Under what conditions is the duration of the pension investment irrelevant