| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w26684 |
| 来源ID | Working Paper 26684 |
| Target Date Funds and Portfolio Choice in 401(k) Plans | |
| Olivia S. Mitchell; Stephen Utkus | |
| 发表日期 | 2020-01-20 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | Target date funds in corporate retirement plans grew from $5B in 2000 to $734B in 2018, partly because federal regulation sanctioned these as default investments in automatic enrollment plans. We show that adopters delegated pension investment decisions to fund managers selected by plan sponsors. Including these funds in retirement saving menus raised equity shares, boosted bond exposures, curtailed cash/company stock holdings, and reduced idiosyncratic risk. The adoption of low-cost target date funds may enhance retirement wealth by as much as 50 percent over a 30-year horizon. |
| 主题 | Microeconomics ; Households and Firms ; Behavioral Economics ; Financial Economics ; Labor Economics ; Labor Compensation |
| URL | https://www.nber.org/papers/w26684 |
| 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/584358 |
| 推荐引用方式 GB/T 7714 | Olivia S. Mitchell,Stephen Utkus. Target Date Funds and Portfolio Choice in 401(k) Plans. 2020. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w26684.pdf（383KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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