Defined Contribution Pension Plans: Mutual Fund Asset Allocation Changes

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Clemens Sialm; Laura Starks; Hanjiang Zhang;
  • Journal: American Economic Review,volume 105,issue 5 May,pages432-36
  • Related identifiers: doi: 10.1257/aer.p20151006
  • Subject:
    • jel: jel:E44 | jel:G23 | jel:J26 | jel:J32

In this paper we compare changes in asset allocations between mutual funds held in defined contribution pension plans and funds held by other investors. We investigate how flows into equity and fixed income mutual funds depend on macroeconomic conditions. We find that d... View more
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