This paper conducts a theoretical and empirical investigation of global portfolio diversification for long-horizon investors in the presence of permanent cash flow shocks and transitory discount rate
This paper investigates the determinants of public sector pension plan investment and funding behavior. Its goal is to draw lessons which may be used to improve the design and governance of public pen
Household ownership of shares in companies quoted on Swedish market places by sex, age, observations and two times per year Authority responsible for statistics (SAM): Finansinspektionen