How Will Persistent Low Expected Returns Shape Household Economic Behavior?, ,
NBER Working Paper No. 25133 ---- Acknowledgments ---- The authors are grateful for research support from the German Investment and Asset Management Association (BVI), the SAFE Research Center funded by the State of Hessen and the Pension Research Council/Boettner Center at The Wharton School of the University of Pennsylvania. We also thank the initiative High Performance Computing in Hessen for grating us computing time at the LOEWE-CSC and Lichtenberg Cluster. David Richardson and participants at the 2018 NBER workshop in Jackson Hole, Wyoming provided helpful comments. Opinions and any errors are solely those of the authors and not of the institutions with which the authors are affiliated, or any individual cited. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. ---- Disclosure of Financial Relationships for Olivia S. Mitchell ---- Mitchell serves as an Independent Trustee for the Wells Fargo Advantage Funds and has received more than $10,000 from the TIAA Institute for research on retirement security. |
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