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Household Portfolio Allocation Over the Life Cycle
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Household Portfolio Allocation Over the Life Cycle (1997)Household Portfolio Allocation Over the L…How Retirement Saving Programs Increase Saving (1996)How Retirement Saving Program…An Asset Allocation Puzzle (1994)An Asset Allocation PuzzleLabor Supply Flexibility and Portfolio Choice in a Life-Cycle Model (1992)Labor Supply Flexibility and …Labor supply flexibility and portfolio choice in a life cycle model (1992)Labor supply flexibility and …Standard Risk Aversion (1991)Standard Risk AversionBut They Don't Want to Reduce Housing Equity (1989)But They Don't Want to Reduce…A case at last for age-phased reduction in equity. 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The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Variable Selection for Portfolio Choice (2001)Dynamic Asset Allocation under Inflation (2002)Time Horizon, Costs of Equity Capital, and Generic Investment Strategies of Firms (2007)A Computationally Efficient Quadrature Procedure for the One-Factor Multinomial Probit Model (1982)A Model of Housing Tenure Choice (1983)Stakeholding: Notes on a Theory of Welfare Based on Assets (1990)Baby Boomer Retirement Security: the Roles of Planning, Financial Literacy, and Housing Wealth (2006)Reversing the Trend: The Recent Expansion of the Reverse Mortgage Market (2009)Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case (1969)The equity premium: A puzzle (1985)By Force of Habit: A Consumption‐Based Explanation of Aggregate Stock Market Behavior (1999)Catching Up with the Joneses: Heterogeneous Preferences and the Dynamics of Asset Prices (2001)Inequality, stock market participation, and the equity premium (2012)Immunizing markets against the pandemic: COVID-19 vaccinations and stock volatility around the world (2021)Continuous-Time Finance. 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References

  • 1992Labor supply flexibility and portfolio choice in a life cycle model1,136 cited
  • 1991Standard Risk Aversion851 cited
  • 1994An Asset Allocation Puzzle423 cited
  • 1996How Retirement Saving Programs Increase Saving364 cited
  • 1992Labor Supply Flexibility and Portfolio Choice in a Life-Cycle Model360 cited
  • 1989A case at last for age-phased reduction in equity.127 cited
  • 1989But They Don't Want to Reduce Housing Equity123 cited

Cited by

  • 2000Chapter 11 The distribution of wealth250 cited
  • 2006WEALTH INEQUALITY: DATA AND MODELS236 cited
  • 1999Stock Prices and Fundamentals146 cited
  • 2004Demographics, Stock Market Flows, and Stock Returns118 cited
  • 2004The Impact of Population Aging on Financial Markets112 cited
  • 2012Industry‐Specific Human Capital, Idiosyncratic Risk, and the Cross‐Section of Expected Stock Returns105 cited
  • 2003Owner-Occupied Housing as a Hedge Against Rent Risk99 cited
  • 2000The Effects of 401(k) Plans on Household Wealth: Differences Across Earnings Groups94 cited
  • 2003Owner-occupied housing and investment in stocks: an empirical test

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86 cited
  • 2000The demand for risky assets: Sample selection and household portfolios76 cited
  • 2001Household Portfolios in the Netherlands74 cited
  • 2008The German SAVE study : design and results71 cited
  • 2020Portfolio Choice Over the Life Cycle: A Survey68 cited
  • 2013Portfolio choice and risk attitudes: a household bargaining approach59 cited
  • 2008Wealth Holdings and Portfolio Allocation of the Elderly: The Role of Marital History57 cited
  • 1999Asset Location in Tax-Deferred and Conventional Savings Accounts57 cited