Household Portfolios and Retirement Saving over the Life Cycle
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US middle-class households invested 10% more of their investable wealth in the stock market in the past two decades than they did in the 1990s, and this share is now hump-shaped in age, declining after age 50. We present a range of evidence that the Pension Protection Act (PPA) which allowed Target
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美国国家经济研究局创建时间：
2022-03-01
