Precautionary portfolio behavior from a life-cycle perspective
Article Abstract:
An analysis of portfolio management from the human life-cycle perspective reveals that the traditional literature on household portfolio management disregards estimates of shock persistence. The study reveals that traditional literature may be made to account for shock persistence estimates by computing for long-run income risk, bequest motives and abandoning representative-agent assumptions.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
Stochastic intertemporal duality: an application to investment under uncertainty
Article Abstract:
Stochastic analysis of investments made under uncertainty is presented.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 2006
User Contributions:
Comment about this article or add new information about this topic:
On dynamic investment strategies
Article Abstract:
A new method to analyze dynamic investment strategies is presented.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Workers' compensation and injury duration: evidence from a natural experiment. Carcinogen regulation: Risk characteristics and the synthetic risk bias
- Abstracts: Transaction taxes and the behavior of the Swedish stock market. The costs and determinants of order aggressiveness
- Abstracts: Racial and ethnic inequality in the United States: a secular perspective. Racial and ethnic economic inequality: the international record
- Abstracts: A continuous-time portfolio turnpike theorem. A simple model of incomplete insurance: the case of permanent shocks
- Abstracts: On the probability of chaos in large dynamical systems: a Monte Carlo study. Approximating payoffs and pricing formulas