Portfolio Composition and Pension Wealth: An Econometric Study

There has been very little study of the consequences of pension wealth for the composition of household portfolios. Using individual data for 10,118 Canadian households we estimate the portfolio effect of pension wealth. Because most households do not own all of the assets which we are able to

目前学界针对养老金财富 (pension wealth) 对家庭资产组合 (household portfolios) 构成的影响的研究仍寥寥无几。本研究借助10118户加拿大家庭的个体层面数据，估算养老金财富对家庭资产组合的影响效应。由于大多数家庭并未持有我们所能覆盖的全部资产。