An essay on the life cycle: Characterizing intertemporal behavior with uncertainty, human capital, taxes, durables, imperfect capital markets, and non-separable preferences

Research in Economics

Volumn 53, Issue 1, 1999, Pages 5-46

  MaCurdy, Thomas E ^a  

^a STANFORD UNIVERSITY   (United States)

Author keywords

Asset pricing consumption; Finance; Labor supply; Martingale; Portfolio choice; Rick premiums; Savings

Indexed keywords

EID: 0033095412     PISSN: 10909443     EISSN: None     Source Type: Journal    
DOI: 10.1006/reec.1998.0185     Document Type: Article

References (8)

1. Black, F. (1972). Capital market equilibrium with restricted borrowing. Journal of Business, 45, (3).
2. Fama, E.F. (1970). Multiperiod consumption-investment decisions. American Economic Review, March, 163-174.
3. Fama, E. (1976). Foundations of Finance. Basic Books.
4. Fama, E.F. & Miller, M. (1972). The Theory of Finance. New York: Holt, Rinehart and Winston.
5. MaCurdy, T. (1976). A Household Life-cycle Model under Uncertainty with Human Capital Investment. Economics Applications Workshop Paper, University of Chicago.
6. MaCurdy, T. (1977). A Synthesis of Labor Supply and Human Capital under Uncertainty. University of Chicago, mimeo.
7. MaCurdy, T. (1978). Two Essays on the Life Cycle. Ph.D. Dissertation, University of Chicago.
8. MaCurdy, T. (1981). An Intertemporal Model of Portfolio Choice and Human Capital Accumulation under Uncertainty with Extensions Incorporating Taxes, Consumer Durables, Imperfection in Capital Markets, and Nonseparable Preferences. Hoover Institution Working Paper No. E-81-18, Stanford University.