EXPLAINING PORTFOLIO CHOICE IN SAVING FOR RETIREMENT

解释退休储蓄的投资组合选择

• 批准号: 7309958
• 负责人: TYLER SHUMWAY
• 金额: $ 4.25万
• 依托单位: UNIVERSITY OF MICHIGAN AT ANN ARBOR
• 依托单位国家: 美国
• 资助国家: 美国
• 起止时间: 至
• 项目状态: 未结题
• 来源: https://reporter.nih.gov/project-details/7309958
• 关键词: aging; behavior prediction; behavioral /social science research tag; choice; clinical research; data collection methodology /evaluation; decision making; expectancy; human middle age (35-64); human old age (65+); human subject; population survey; preference; retirement; socioeconomics

The spread of defined contribution pension plans and the possibility of individual accounts for Social Security make financial security in retirement ever more likely to depend on good asset allocation and portfolio choices. The HRS provides unparalleled data not only on portfolio behavior, but also on a wide range of things that might influence portfolio behavior?both those that are featured in traditional economic theories of portfolio choice (such as risk tolerance and rate of return expectations) and those that behavioral economists suggest might matter despite being absent from traditional theories. The aim of this project is to identify what, in fact, governs cross-sectional difference in portfolio choice. Identifying the factors that govern portfolio choice will help us determine whether people's financial investment decisions can be improved in order to provide for greater financial security toward the end of life.

固定缴款养老金计划的普及和社会保障个人账户的可能性使得退休后的财务保障更有可能依赖于良好的资产配置和投资组合选择。 HRS 不仅提供了关于投资组合行为的无与伦比的数据，而且还提供了可能影响投资组合行为的广泛因素的数据——包括传统投资组合选择经济理论中的特征（例如风险承受能力和回报率预期）以及行为经济学家认为尽管传统理论中不存在但可能很重要的因素。该项目的目的是确定实际上是什么决定了投资组合选择中的横截面差异。确定投资组合选择的影响因素将有助于我们确定是否可以改进人们的金融投资决策，以便在生命终结时提供更大的财务保障。