Patience is a Virtue: Asset Allocation Patterns of DB & DC Plans

Source: Ilana Boivie and Beth Almeida, National Institute on Retirement Security, Issue Brief, July 2008

From the summary:
We examine whether the move from DB to DC plans has had an impact on the way retirement assets are invested. Individual investors, for instance, may have a shorter term investment horizon than DB plans. This raises questions about the risk exposure and investment performance of DC plans relative to DB plans. The shift from DB plans to DC plans may have reduced the supply of patient capital over time, meaning that businesses may have a harder time than in the past getting the financing for long-term productive investment projects.

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