Optimal life-cycle asset allocation: understanding the empirical evidence
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- Francisco Gomes & Alexander Michaelides, 2005. "Optimal Life‐Cycle Asset Allocation: Understanding the Empirical Evidence," Journal of Finance, American Finance Association, vol. 60(2), pages 869-904, April.
- Michaelides, Alexander & Gomes, Francisco J., 2005. "Optimal life cycle asset allocation : understanding the empirical evidence," LSE Research Online Documents on Economics 193, London School of Economics and Political Science, LSE Library.
- Michaelides, Alexander & Gomes, Francisco, 2005. "Optimal Life-Cycle Asset Allocation: Understanding the Empirical Evidence," CEPR Discussion Papers 4853, C.E.P.R. Discussion Papers.
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More about this item
Keywords
life-cycle models; portfolio choice; preference heterogeneity; liquidity constraints; stock market participation; uninsurable labor income risk;All these keywords.
JEL classification:
- G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
Statistics
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