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Reversed default behaviour in a new defined contribution pension system
Engström, Stefan (contributor);  … - 2003 - [Elektronische Ressource], Rev. August 12, 2003
with a reversed investment behavior compared with studies of 401(k) plans; that is, individuals tend to make their own … investment decisions. Contrary to U.S studies, we also find that women and younger individuals are more likely than men and older … individuals to make an active investment decision. -- Mutual funds ; portfolio choice ; pension system ; status quo bias …
Persistent link: https://www.econbiz.de/10001753272
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Information costs and mutual fund flows
Engström, Stefan (contributor);  … - 2004 - [Elektronische Ressource]
This paper examines how investor and capital flows into mutual funds in the Swedish pension system are related to fund characteristics. Similarly to U.S. studies, we show that individuals chase past returns and have a strong preference for lower-fee funds. However, our results suggest that past...
Persistent link: https://www.econbiz.de/10001979838
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Does active portfolio management create value? : an evaluation of fund managers' decisions
Engström, Stefan (contributor) - 2004 - [Elektronische Ressource]
In this paper, I obtain new measures of the value of active portfolio management by forming replicating portfolios. These measures allow for a separate evaluation of fund managers' strategic and tactical decisions. I also obtain new evidence on the value of trading by decomposing it into...
Persistent link: https://www.econbiz.de/10001946175
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Endogenous fertility and the effects of foreign aid
Horn af Rantzien, Mia - 1994
Persistent link: https://www.econbiz.de/10000899008
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Budget deficits, tax risk and consumption
Becker, Torbjörn - 1995
Persistent link: https://www.econbiz.de/10000920370
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Likelihood-based cointegration tests in heterogeneous panels
Larsson, Rolf; Lyhagen, Johan; Löthgren, Mickael - 1998
Persistent link: https://www.econbiz.de/10000991637
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Essays on stochastic fiscal policy, public debt and private consumption
Becker, Torbjörn - 1995
Persistent link: https://www.econbiz.de/10000909039
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Sticky consumption and rigid wages
Ellingsen, Tore; Holden, Steinar - 1995
Persistent link: https://www.econbiz.de/10000917367
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Real effects of budget deficits : theory and evidence
Becker, Torbjörn; Paalzow, Anders - 1997
Persistent link: https://www.econbiz.de/10000959522
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Aggregate savings when individual income varies
Flodén, Martin (contributor) - 2005 - [Elektronische Ressource]
This paper examines aggregate savings in a general equilibrium model where infinitely lived households face volatile (and possibly uncertain) income paths, hold a risk-free asset, and face a liquidity constraint. I first show that the equilibrium capital stock in an economy without uncertainty,...
Persistent link: https://www.econbiz.de/10002679474