Suboptimal Household Investment and Information-Processing Frictions: Evidence from 529 College Savings Plans
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We use the 529 college savings plan setting to investigate whether and why households make suboptimal choices to invest in local assets. We estimate that 67% of open accounts between 2010 and 2020 were located suboptimally, due to the plans tax inefficiencies and high expenses. Over the accounts
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美国国家经济研究局创建时间：
2023-01-01
