Linking Benefits to Investment Performance in US Public Pension Systems

Robert Novy-Marx & Joshua D. Rauh
Published Date
Copyright 2014
DOI 10.1016/j.jpubeco.2013.05.004
CONFERENCE HELD August 17-18, 2012
Book: Retirement Benefits for State and Local Employees: Designing Pension Plans for the Twenty-First Century
Book editors: Robert Clark, Joshua Rauh & Mark Duggan
PUBLISHER: Elsevier, Journal of Public Economics, vol. 116

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Financial Economics
Portfolio Selection and Asset Pricing
Financial Markets
Public Economics
Taxation
National Fiscal Issues
Subnational Fiscal Issues

Published From Paper

Linking Benefits to Investment Performance in US Public Pension Systems
- Working Paper
This paper calculates the effect that introducing risk-sharing during either retirement or the working life would have...

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