NBER WORKING PAPER SERIES FUNDING AND ASSET ALLOCATION IN CORPORATE PENSION PLANS: AN EMPIRICAL INVESTIGATION

This paper is part of a study of the United States pension system currently being conducted by the National Bureau of Economic Research. This study has been funded by a grant from the U.S. Department of Health and Human Services. We are grateful to Roger Ibbotson, Krishna Palepu and Myron Scholes for helpful suggestions on an earlier draft. The research reported here is part of the NBER's research project in Pensions. Any opinions expressed are those of the authors and not those of the National Bureau o