The Home, Pension Savings and Risk Aversion: Intentions of the Defined Contribution Pension Plan Participants of a London-based Investment Bank at the Peak of the Bubble.
In the lead-up to the peak of the financial bubble (and before the onset of the global financial crisis), property was regularly promoted as a ready-made alternative to private pensions. This paper explores the importance of owner-occupied housing for the retirement savings strategies of defined contribution (DC) pension plan members. Based upon a unique survey of over 2300 participants in the DC pension scheme of a London-based international bank, an assessment is made of the statistical sig...Expand abstract
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