Pension Fund Asset Allocation and Liability Discount Rates: Camouflage and Reckless Risk Taking by U.S. Public Plans?

R.M.M.J. Bauer, A. Andonov, M. Cremers

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Putting it all on red: The rules encourage public-sector pension plans to take more risk

Aleksandar Andonov & Rob Bauer

1/03/16

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