Personal Pension Plans and Stock Market Volatility
One of the strongest objections to personal pension plans is that they transfer investment risk to individual workers, who are then exposed to the vagaries of equity and bond markets. Using historical United States data, the authors investigate the impact of the volatility of investment returns on r...
| Main Authors: | , |
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| Format: | Policy Research Working Paper |
| Language: | en_US |
| Published: |
World Bank, Washington, DC
2014
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10986/19970 |