Money-Back Guarantees in Individual Retirement Accounts: Are They Good Policy?
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Pension products embedding guarantees have been adopted worldwide, including in the Pan-European Personal Pension Products (PEPP) recently launched in the European Union. Using an economic life cycle model where investors have access to stocks, bonds, and tax-qualified retirement accounts, we show
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美国国家经济研究局创建时间：
2019-10-01
