How Will Persistent Low Expected Returns Shape Household Economic Behavior?
收藏NBER2018-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w25133
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Many believe that global capital markets will generate lower returns in the future versus the past. We examine how persistently lower real returns will reshape work, retirement, saving, and investment behavior of older persons using a calibrated dynamic life cycle model. In a low return regime,
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美国国家经济研究局创建时间：
2018-10-01
