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Asset Allocation and Risk Allocation : Can Social Security Improve Its Future Solvency Problem by Investing in Private Securities?

MaCurdy, Thomas E. - 1999

This paper examines the economics of investing the central trust fund of Social Security in private securities. We note that switching from a policy of having the trust fund invest solely in special issue Treasury bonds to one where some of the portfolio holds common stocks amounts to an asset...

Persistent link: https://www.econbiz.de/10012471785

Asset Location in Tax-Deferred and Conventional Savings Accounts

Shoven, John B. - 1999

attention in financial theory and practice. On the other hand, investors have not been given much guidance about which assets … asset allocations (which assets to hold) and asset locations (where to hold them) for a risk-averse investor saving for … retirement. Locating assets optimally can significantly improve the risk-adjusted performance of retirement savings …

Persistent link: https://www.econbiz.de/10012471596

The Location and Allocation of Assets in Pension and Conventional Savings Accounts

Shoven, John B. - 1999

the investor is substantially risk averse, what is the optimal mix of stocks and bonds for retirement saving? It is shown … shown that even very risk averse retirement savers should allocate more than half of their portfolio to stocks if asset …

Persistent link: https://www.econbiz.de/10012471793

An Analysis of the Performance of Target Date Funds

Shoven, John B. - 2020

This paper presents a thorough evaluation of target date funds for the period 2010-2020. These funds have grown enormously in assets, reaching $1.4 trillion by the end of 2019. They account for approximately 24 percent of all of the assets in 401(k) accounts. The paper reports on the results of...

Persistent link: https://www.econbiz.de/10012482191

Target Retirement Fund : A Variant on Target Date Funds that uses Deferred Life Annuities rather than Bonds to Reduce Risk as Retirement Approaches

Shoven, John B.; Walton, Daniel - National Bureau of Economic Research - 2023

This paper evaluates a new variant of the popular target date funds used in employer-based retirement savings plans. We call this new variant a "target retirement plan." Instead of increasing the allocation to bond funds as retirement approaches, a target retirement fund gradually purchases...

Persistent link: https://www.econbiz.de/10013537711

New Age Thinking : Alternative Ways of Measuring Age, Their Relationship to Labor Force Participation, Goverment Policies and GDP

Shoven, John B. - 2007

discussion of dependency ratios. Two alternative measures of age are explored: mortality risk and remaining life expectancy. With …

Persistent link: https://www.econbiz.de/10012465170

Fundamental Value and Market Value

Brainard, William C. - 1990

itself. It then examines whether aggregate market risk or aggregate fundamental risk is priced. Although market risk is … priced, the paper does find that fundamental risk is an important factor in explaining risk premia …

Persistent link: https://www.econbiz.de/10012475578