
Where do insurance firms and pension funds invest?
The Sound of Economics
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Comparing Retirement Investment Strategies: U.S. vs. Europe
This chapter contrasts the retirement income and investment options in the United States and Europe, highlighting the U.S. focus on funded pensions and individual control through 401(k)s and IRAs. In contrast, it examines the pay-as-you-go systems prevalent in many European countries, which offer limited investment opportunities and a distinct approach to retirement savings.
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