Political Risk and Discount Rates: Evidence from the Croatian Pension System

Jeffrey Brown, Zoran Ivković, Scott Weisbenner

NBER Retirement Research Center Paper No. NB 10-07
Issued in September 2010

---- Acknowledgements -----

We thank Malcolm Baker, Stephen Brown, Joshua Coval, Steve Dimmock, Ravi Jagannathan, Lubos Pastor, and Peter Tufano for helpful discussions. This research was supported by the U.S. Social Security Administration through grant #10-M-98363-1-02 to the National Bureau of Economic Research as part of the SSA Retirement Research Consortium. The findings and conclusions expressed are solely those of the author(s) and do not represent the views of the SSA, any agency of the Federal Government, or the NBER. Institutional Review Board (IRB) permission was granted to conduct this research at both Michigan State University and the University of Illinois.

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