Investment Behavior in Public DB and Non-DB Pension Plans

James Farrell and Daniel Shoag, Retirement Benefits for State and Local Employees: Designing Pension Plans for the Twenty-First Century (Elsevier, Journal of Public Economics, vol. 116 , 2012), https://www.nber.org/books-and-chapters/retirement-benefits-state-and-local-employees-designing-pension-plans-twenty-first-century/investment-behavior-public-db-and-non-db-pension-plans.