Tag: international finance

Mature man is hired to handle outreach to senior adults

Abstract We examine the international equity allocations of over 3 million individuals in 296 401(k) plans over the 2006-2011 period.  These allocations show enormous cross-individual variation, ranging between zero and over 75 percent, as well as an upward trend that is only partially accounted for by the slight decrease in importance of the U.S. market…

Social Security Card: Senior woman holding card in hand on white background

Abstract In recent years, many countries with mandatory defined benefit pay-as-you-go (“PAYG”) systems have modified their systems to include individual accounts for financing retirement pensions. In most of these countries, a portion of the mandatory pension system’s contribution rate has been “carved-out”, and contributions earmarked by the carve-out are channeled into retirement accounts. Upon reaching…