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An important decision facing retirement savers is how to allocate their savings across different assets. The decision …-2005 to determine whether cross-border investing in the past would have been advantageous to retirement savers in eight large … expected retirement incomes, with smaller risk of catastrophic investment shortfalls, if they invested part of their retirement …
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Prefunding of pension commitments in OECD economies is increasingly seen as a central strategy to cope with the aging of their populations. This paper argues that investments in emerging markets can help at the margin but are unable to solve the demographic problem. While these investments bring...
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