The Rise of Target Date Funds and the Impact on Markets
Jonathan A. Parker, Antoinette Schoar, and Yang Sun have been honored with the 29th annual Paul A. Samuelson Award by the TIAA Institute for their study, “Retail Financial Innovation and Stock Market Dynamics: The Case of Target Date Funds.” The research analyzes the market impact of Target Date Funds (TDFs), one of the most significant…