Replication Data for: Pension Systems, Demographic Aging, and the Home Bias Puzzle

Replication package for 'Pension Systems, Demographic Aging, and the Home Bias Puzzle' by Brian Peters (2026). Investigates whether pension system structure explains cross-country variation in portfolio home bias and how demographics interact with capital account openness. Key finding: aging populations with open capital accounts show reduced home bias; KAOPEN acts as a genuine suppressor variable in this context (adding it makes Z₁ MORE significant), validated against income conditioning which cannot replicate this effect. Includes pension coverage interactions, eurozone analysis, and portfolio composition decomposition.