| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w21236 |
| 来源ID | Working Paper 21236 |
| Who is Internationally Diversified? Evidence from 296 401(k) | |
| Geert Bekaert; Kenton Hoyem; Wei-Yin Hu; Enrichetta Ravina | |
| 发表日期 | 2015-06-08 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | We examine the international equity allocations of 3.8 million individuals in 296 401(k) plans over the 2005-2011 period. We find enormous cross-individual variation, ranging from zero to over 75%, and strong cohort effects, with younger cohorts investing more internationally than older ones, and each cohort investing more internationally over time. Access to financial advice, lower fees and more international fund options are associated with higher international allocations, suggesting a role for plan design and policy. Education, financial literacy and the fraction of foreign-born population in the zip code also have positive effects on international diversification, consistent with familiarity and information stories. |
| 主题 | Financial Economics ; Portfolio Selection and Asset Pricing ; Financial Markets |
| URL | https://www.nber.org/papers/w21236 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/578911 |
| 推荐引用方式 GB/T 7714 | Geert Bekaert,Kenton Hoyem,Wei-Yin Hu,et al. Who is Internationally Diversified? Evidence from 296 401(k). 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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