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Richer earnings dynamics, consumption and portfolio choice over the life cycle
Gálvez, Julio; Paz Pardo, Gonzalo - 2023
allowing for these rich features of earnings dynamics, in the context of a structurally estimated life-cycle portfolio choice …
Persistent link: https://www.econbiz.de/10014278693
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Inflation, financial markets, and capital formation
Choi, Sangmok - In: Review / Federal Reserve Bank of St. Louis 78 (1996) 3, pp. 9-35
Persistent link: https://www.econbiz.de/10001211483
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Funded and unfunded pension schemes : risk, return and welfare
Miles, David - 2000
This paper uses stochastic simulations on calibrated models to assess the optimal degree of reliance on fun ded pensions and on a particular type of unfunded (PAYG) pension. Surprisingly little is known about the optimal split between funded and unfunded systems when there are sources of...
Persistent link: https://www.econbiz.de/10009781509
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Funded and Unfunded Pension Schemes : Risk, Reutrn and Welfare
Miles, David - 2021
This paper uses stochastic simulations on calibrated models to assess the optimal degree of reliance on funded pensions and on a particular type of unfunded (PAYG) pension. Surprisingly little is known about the optimal split between funded and unfunded systems when there are sources of...
Persistent link: https://www.econbiz.de/10013321171
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Investment in financial literacy and saving decisions
Jappelli, Tullio; Padula, Mario - 2011
Persistent link: https://www.econbiz.de/10008932922
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Investment in financial literacy and saving decisions
Jappelli, Tullio; Padula, Mario - 2011
aggregate data, we find a strong effect of financial literacy on wealth accumulation and national saving, and also show that … ordinary least squares estimates underestate the impact of financial literacy on saving. -- Financial Literacy ; Cognitive … Abilities ; Human Capital ; Saving …
Persistent link: https://www.econbiz.de/10008856384
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Predictors and Portfolios Over the Life Cycle
Kraft, Holger - 2018
welfare effects of predictability on life-cycle consumption-portfolio choice. We compare skilled investors who are able to …
Persistent link: https://www.econbiz.de/10012936406
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After-tax real rate of return and saving
Hur, Ji-heun - 1990
Persistent link: https://www.econbiz.de/10000852751
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Essays on individual investor behavior
Choi, James J. - 2005
Persistent link: https://www.econbiz.de/10003384470
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Disaggregated Sales and Stock Returns
Agarwal, Sumit - 2020
Using transaction-level credit card spending from a large US financial institution, we show that disaggregated sales provide accurate and persistent signals of customer demand relevant to a firm's stock pricing. After controlling for earnings and sales surprises, one inter-quintile increase in...
Persistent link: https://www.econbiz.de/10012854821