Swinkels, Laurens A. P.; Vejina, D.; Vilans, R. - Erasmus Research Institute of Management (ERIM), … - 2005
Latvian employees have to choose a pension fund for the second-pillar of the Latvian pension system. These pension funds invest about 85% in domestic assets. In this paper, we address the question why this strong home bias might exist. Firstly, we conclude that the Latvian pension law is strict...
