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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.

Abstract:

In the lead-up to the peak of the financial bubble (and before the onset of the global financial crisis), UK newspapers regularly touted property as a ready-made alternative to private pensions. In this paper we explore the importance of the property in which respondents live for their retirement savings strategies. Based upon a unique survey of over 2,400 participants in the defined contribution pension scheme of a London-based international bank, we assess the statistical significance of re...

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Volume:
WPG10-05
Series:
Working Papers in Employment, Work and Finance
Publication date:
2010-01-01
URN:
uuid:f09ed5ae-86d7-4420-bcc6-99d61c96d8e2
Local pid:
oai:economics.ouls.ox.ac.uk:15018
Language:
English

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