Liquidity in Retirement Savings Systems: An International Comparison
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https://www.nber.org/papers/w21168
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What is the socially optimal level of liquidity in a retirement savings system? Liquid retirement savings are desirable because liquidity enables agents to flexibly respond to pre-retirement events that raise the marginal utility of consumption. On the other hand, pre-retirement liquidity is
提供机构：
美国国家经济研究局
创建时间：
2015-05-01
