Large, small, internationalEquity portfolio choices in a large 401(k) plan

Large, small, international

Equity portfolio choices in a large 401(k) plan

Agnew

Julie

Agnew, Julie

Author

Balduzzi

Pierluigi

Balduzzi, Pierluigi

Dept. of Finance, Carroll School of Management

Author

text

working paper

Chestnut Hill, Mass. Center for Retirement Research at Boston College20042004monographic

Chestnut Hill, Mass.

Center for Retirement Research at Boston College

2004

monographic

Englisheng

English

eng

electronicapplication/pdfborn digital

electronic

application/pdf

born digital

We examine equity portfolio choices of a panel of over four thousand 401(k) investors during the April 1994-August 1998 period. In the majority of participant/year observations all the equity funds available are held; hence, it appears that most participants take full advantage of the diversification opportunities within the plan. Older investors hold more U.S. large equities and less international equities, consistent with more conservative investment on their part. There is also a positive trend in allocations to domestic equities at the expense of foreign equities, consistent with a revision of mean return estimates over the sample.

Julie Agnew and Pierluigi Balduzzi.

CRR WP2004-14

CRR WP

2004-14

http://crr.bc.edu/images/stories/Working_Papers/wp_2004-14.pdf

MChBEnglisheng

MChB

Englisheng

English

eng