Bikker, J.A.; Broeders, D.W.G.A; Hollanders, D. A.; … - School of Economics, Universiteit Utrecht - 2009
This paper examines the impact of participants’ age distribution on the asset allocation of Dutch pension funds, using a unique data set of pension fund investment plans for 2007. Theory predicts a negative effect of age on (strategic) equity exposures. We observe that pension funds do...
