Risk-taking behavior after COVID-19; global implications for financial markets and pensions

This project analyzes the effects of a global asymmetric shock in risk aversion on investment opportunities. Subsequently, different pension schemes will be compared to gain insight into how pension funds can best absorb the shock. An overlapping generation model (OLG), in which the (unforeseen) impact of a disaster (such as COVID-19) causes a greater increase in risk aversion in younger generations, will be analyzed.

Read the paper here.