We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Determinants of Portfolio Efficiency Losses in US Self-directed Pension Accounts.
- Authors
Lai, Christine
- Abstract
This empirical study evaluates the magnitude of efficiency losses of household portfolio choices in self-directed pension accounts (SDAs). It uses data from the Survey of Consumer Finances (SCF). The determinants of the magnitude of efficiency losses across household investors are investigated in detail. The findings of this study lend empirical support to the belief that the magnitude of efficiency losses for household investors differs with the different demographic characteristics and investment propensities. In particular, household investors with long-investment horizons, with more autonomy of choices in their SDAs, or with the tendency to select high levels of portfolio risk in SDAs are more vulnerable to efficiency losses. Factors to predict the levels of portfolio risk maintained by household investors in their SDAs are also explored.
- Subjects
UNITED States; SELF-directed individual retirement accounts; DEFINED contribution pension plans; INVESTMENTS; HOUSEHOLD budgets; HOUSEHOLDS
- Publication
Journal of Family & Economic Issues, 2006, Vol 27, Issue 4, p601
- ISSN
1058-0476
- Publication type
Article
- DOI
10.1007/s10834-006-9033-8