Target Date Funds and Portfolio Choice in 401(k) Plans
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Target date funds in corporate retirement plans grew from $5B in 2000 to $734B in 2018, partly because federal regulation sanctioned these as default investments in automatic enrollment plans. We show that adopters delegated pension investment decisions to fund managers selected by plan sponsors.
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美国国家经济研究局创建时间：
2020-01-01
