Out of Sight No More? The Effect of Fee Disclosures on 401(k) Investment Allocations
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We examine the effects of a 2012 regulatory reform that mandated fee and performance disclosures for the investment options in 401(k) plans. We show that participants became significantly more attentive to expense ratios and short-term performance after the reform. The disclosure effects are
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美国国家经济研究局创建时间：
2020-07-01
