Abstract
A major force behind private saving, both in theory and in practice, is the retirement motive. How these savings are invested can have profound effects on capital markets around the world. This article analyzes the institutional forms that private retirement savings take, how they have affected capital markets to date, and how they might affect them in the future.
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Bodie, Z. (1990). Managing Pension and Retirement Assets: An International Perspective. In: Kosters, M.H., Meltzer, A.H. (eds) International Competitiveness in Financial Services. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-3876-5_14
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