Portfolio Choice and Trading in a Large 401(k) Plan

By Julie R. Agnew, Pierluigi Balduzzi, Annika E. Sundén. 2003

683 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/8c0a3d6939e7e674a3f3a131d181f6f48bc60bfd

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Citations in the corpus

Lessons from Behavioral Finance for Retirement Plan Design (2003, background): “Agnew et al. (2003) suggest that these trading results may be less relevant for retirement plans, since participants could mentally account for brokerage and retirement investments differently. Other research focuses on affluent male equity investors, and it has confirmed that overconfidence and an ”
The impact of top executive gender on asset prices: Evidence from stock price crash risk (2019, neutral): “First, women have a higher risk aversion than men in terms of their gambling habits and investment portfolio risk profiles (e.g., Levin et al., 1988; Jianakoplos and Bernasek, 1998; Sundén and Surette, 1998; Agnew et al., 2003; Brooks et al., 2017).”
Employer matching and 401(k) saving: Evidence from the health and retirement study (2007, background): “, 2006; Mitchell and Utkus, 2002), portfolio choice and trading in 401(k) plans (Benartzi and Thaler, 2001; Agnew et al., 2003).”
An Experimental Test of the Impact of Overconfidence and Gender on Trading Activity (2009, neutral): “, Agnew et al. (2003)) may make them more likely to transact even based on information they know to be incomplete. Third, we explore the impact of overconfidence both at the level of the individual and at the level of the market. In the latter regard, we investigate whether marketlevel overconfidenc”
Fight or Flight? Portfolio Rebalancing by Individual Investors (2009, neutral): “Section 4 thus improves on the earlier specifications by: (1) providing more precise micro foundations; (2) correctly estimating the structural parameters even though the target is unobserved; and (3) allowing for heterogeneity in the adjustment speed.”
The Monitoring Role of Female Directors Over Accounting Quality (2017, neutral): “, Agnew et al. (2003), Barber and Odean (2001), Beyer (1990), Gneezy et al.”
Choosing Outcomes versus Choosing Products: Consumer‐Focused Retirement Investment Advice (2008, background): “But for many, this allocation rarely changes (Agnew, Balduzzi, and Annika 2003).”
The Inattentive Participant: Portfolio Trading Behavior in 401(K) Plans (2006, background): “Not surprisingly, all 401(k) results, both ours and those of Agnew et al. (2003), pale in comparison to the 72% annualized turnover rate for the discount brokerage account holders of Barber and Odean (2001).”
Equity Portfolio Diversification (2001, background): “For evidence of underdiversification in retirement and pension accounts, see Benartzi (2001), Benartzi and Thaler (2001), Agnew et al. (2003), Huberman and Sengmuller (2004), and Meulbroek (2005).”
Measuring the Financial Sophistication of Households (2009, neutral): “…tend to be better diversi ed (Blume and Friend, 1975; CCS, 2007; Goetzmann and Kumar, 2008; Vissing-Jorgensen, 2003), display less inertia (Agnew, Balduzzi, and Sundén, 2003; Bilias, Georgarakos and Haliassos, 2008; Campbell, 2006; CCS, 2009; Vissing-Jorgensen, 2002), and have a weaker…”