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Volumn , Issue , 2010, Pages

The Effect of Uncertain Labor Income and Social Security on Life-Cycle Portfolios

Author keywords

Annuities; Bonds; Investment; Labor income uncertainty; Portfolio allocation; Retirement; Saving; Stocks

Indexed keywords


EID: 77955924593     PISSN: None     EISSN: None     Source Type: Book    
DOI: 10.1093/acprof:oso/9780199592609.003.0006     Document Type: Chapter
Times cited : (5)

References (16)
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    • NBER WP 15079. Cambridge, MA: National Bureau of Economic Research
    • Chai, Jingjing, Wolfram Horneff, Raimond Maurer, and Olivia S. Mitchell (2009). 'Extending Life Cycle Models of Optimal Portfolio Choice: Integrating Flexible Work, Endogenous Retirement, and Investment Decisions with Lifetime Payouts', NBER WP 15079. Cambridge, MA: National Bureau of Economic Research.
    • (2009)
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  • 4
    • 25844520759 scopus 로고    scopus 로고
    • Consumption and Portfolio Choice over the Life Cycle
    • Cocco, João, Francisco Gomes, and Pascal Maenhout (2005). 'Consumption and Portfolio Choice over the Life Cycle', Review of Financial Studies, 18: 491-533.
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    • Cocco, J.1    Gomes, F.2    Maenhout, P.3
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    • 16244407145 scopus 로고    scopus 로고
    • Optimal Life-Cycle Asset Allocation: Understanding the Empirical Evidence
    • Gomes, Francisco and Alexander Michaelides (2005). 'Optimal Life-Cycle Asset Allocation: Understanding the Empirical Evidence', Journal of Finance, 60: 869-904.
    • (2005) Journal of Finance , vol.60 , pp. 869-904
    • Gomes, F.1    Michaelides, A.2
  • 6
    • 0031350833 scopus 로고    scopus 로고
    • Market Frictions, Savings and Portfolio Choice
    • Heaton, John and Deborah Lucas (1997). 'Market Frictions, Savings and Portfolio Choice', Macroeconomic Dynamics, 1: 76-101.
    • (1997) Macroeconomic Dynamics , vol.1 , pp. 76-101
    • Heaton, J.1    Lucas, D.2
  • 8
    • 67349190542 scopus 로고    scopus 로고
    • Asset Allocation and Location over the Life Cycle with Survival Contingent Payouts
    • Horneff, Wolfram, Raimond Maurer, Olivia S. Mitchell, and Michael Stamos (2009). 'Asset Allocation and Location over the Life Cycle with Survival Contingent Payouts', Journal of Banking and Finance, 33: 1688-99.
    • (2009) Journal of Banking and Finance , vol.33 , pp. 1688-1699
    • Horneff, W.1    Maurer, R.2    Mitchell, O.S.3    Stamos, M.4
  • 10
    • 0001576333 scopus 로고
    • Mortality Risk and Bequests
    • Hurd, Michael (1989). 'Mortality Risk and Bequests', Econometrica, 57: 779-813.
    • (1989) Econometrica , vol.57 , pp. 779-813
    • Hurd, M.1
  • 11
    • 85014253233 scopus 로고    scopus 로고
    • Social Security Replacement Rates for Alternative Earnings Benchmarks
    • 4th Q
    • Mitchell, Olivia S. and John Phillips (2006). 'Social Security Replacement Rates for Alternative Earnings Benchmarks,' Benefits Quarterly, 4th Q: 37-47.
    • (2006) Benefits Quarterly , pp. 37-47
    • Mitchell, O.S.1    Phillips, J.2
  • 14
    • 33845702123 scopus 로고    scopus 로고
    • Life-Cycle Portfolio Choice with Additive Habit Formation Preferences and Uninsurable Labor Income Risk
    • Polkovnichenko, Valery (2007). 'Life-Cycle Portfolio Choice with Additive Habit Formation Preferences and Uninsurable Labor Income Risk', Review of Financial Studies, 20: 83-124.
    • (2007) Review of Financial Studies , vol.20 , pp. 83-124
    • Polkovnichenko, V.1
  • 15
    • 0039192952 scopus 로고    scopus 로고
    • Optimal Portfolio Choice for Long-Horizon Investors with Non-tradable Labor Income
    • Viceira, Luis (2001). 'Optimal Portfolio Choice for Long-Horizon Investors with Non-tradable Labor Income', Journal of Finance, 56: 433-70.
    • (2001) Journal of Finance , vol.56 , pp. 433-470
    • Viceira, L.1
  • 16
    • 67649301850 scopus 로고    scopus 로고
    • Why Do Household Portfolio Shares Rise in Wealth?
    • AFA 2008 New Orleans Meetings Working Paper. Philadelphia, PA: The Wharton School of the University of Pennsylvania
    • Wachter, Jessica and Motohiro Yogo (2009). 'Why Do Household Portfolio Shares Rise in Wealth?' AFA 2008 New Orleans Meetings Working Paper. Philadelphia, PA: The Wharton School of the University of Pennsylvania.
    • (2009)
    • Wachter, J.1    Yogo, M.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.