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9/28/2006: Pension Portfolio Choice and Menu Exposure (Pension Research Center; free registration required)
Excerpt: In view of the transition to funded individual account plans in many nations around the world, it is of interest to evaluate how the introduction of a funded defined contribution retirement system affects participants' propensity to participate in the stock market. This chapter evaluates what we call the 'Swedish experiment,' where, in 2000, the traditional Swedish pay-as-you go retirement system was partially replaced by a national defined contribution plan.
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