Retail Financial Innovation and Stock Market Dynamics: The Case of Target Date Funds
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Target Date Funds (TDFs) are designed to provide unsophisticated or inattentive investors with age-appropriate exposures to different asset classes like stocks and bonds. The rise of TDFs has moved a significant share of retirement investors into macro-contrarian strategies that sell stocks after
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美国国家经济研究局创建时间：
2020-11-01
