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The Bond-Stock Mix: A New Insight

Author

Listed:
  • Sami Attaoui

    (Pôle Finance Responsable - Rouen Business School - Rouen Business School)

  • Pierre Six

    (Pôle Finance Responsable - Rouen Business School - Rouen Business School)

Abstract

This paper studies the impact on the bond-stock mix of the interaction of consumption and bequest motives. We obtain patterns of the bond-stock allocation in terms of investor's wealth, of investor's consumption and wealth related risk aversions as well as investor's investment horizon that result only from the simultaneous consideration of the two motives. To the best of the authors' knowledge, these patterns have not been underlined in the rich literature about the bond-stock mix.

Suggested Citation

  • Sami Attaoui & Pierre Six, 2011. "The Bond-Stock Mix: A New Insight," Post-Print hal-00657894, HAL.
  • Handle: RePEc:hal:journl:hal-00657894
    as

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