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Dusenberry's Ratcheting of Consumption: Optimal Dynamic Consumption and Investment Given Intolerance for any Decline in Standard of Living
7 references·16 citing·45 second hop
Dusenberry's Ratcheting of Consumption: Optimal Dynamic Consumption and Investment Given Intolerance for any Decline in Standard of Living (1995)Dusenberry's Ratcheting of Consumption: O…Brownian Motion and Stochastic Calculus (2007)Brownian Motion and Stochasti…Keeping up with the Joneses: Consumption Externalities, Portfolio Choice, and Asset Prices (1994)Keeping up with the Joneses: …Intertemporally Dependent Preferences and the Volatility of Consumption and Wealth (1989)Intertemporally Dependent Pre…The Value of Waiting to Invest (1982)The Value of Waiting to InvestOptimum consumption and portfolio rules in a continuous-time model (1971)Optimum consumption and portf…The Representation of Functionals of Brownian Motion by Stochastic Integrals (1970)The Representation of Functio…Income, Saving and the Theory of Consumer Behavior. 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(2015)Why Are University Endowments…Thoughts on the Future: Life-Cycle Investing in Theory and Practice (2015)Thoughts on the Future: Life-…Twin Picks: Disentangling the Determinants of Risk-Taking in Household Portfolios (2010)Twin Picks: Disentangling the…Limited participation and consumption-saving puzzles: A simple explanation and the role of insurance☆ (2010)Limited participation and con…The Relative Permanent Income Theory of Consumption: A Synthetic Keynes–Duesenberry–Friedman Model (2009)The Relative Permanent Income…Saving and Investing Over the Life Cycle and the Role of Collective Pension Funds (2007)Saving and Investing Over the…Thoughts on the Future: Life-Cycle Investing in Theory and Practice (2003)Thoughts on the Future: Life-…Myopic Portfolio Choice (2002)Myopic Portfolio ChoiceAn Isomorphism Between Asset Pricing Models With and Without Linear Habit Formation (2002)An Isomorphism Between Asset …Using Asset Allocation to Protect Spending (1999)Using Asset Allocation to Pro…A class of solvable singular stochastic control problems (1999)A class of solvable singular …Who Should Buy Long-Term Bonds? 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this work references cited by second hop

References

  • 2007Brownian Motion and Stochastic Calculus7,421 cited
  • 1971Optimum consumption and portfolio rules in a continuous-time model5,966 cited
  • 1982The Value of Waiting to Invest3,606 cited
  • 1950Income, Saving and the Theory of Consumer Behavior.2,197 cited
  • 1994Keeping up with the Joneses: Consumption Externalities, Portfolio Choice, and Asset Prices640 cited
  • 1989Intertemporally Dependent Preferences and the Volatility of Consumption and Wealth527 cited
  • 1970The Representation of Functionals of Brownian Motion by Stochastic Integrals233 cited

Cited by

  • 2010Twin Picks: Disentangling the Determinants of Risk-Taking in Household Portfolios122 cited
  • 2007Saving and Investing Over the Life Cycle and the Role of Collective Pension Funds113 cited
  • 2016Consumption Commitments and Habit Formation109 cited
  • 2009The Relative Permanent Income Theory of Consumption: A Synthetic Keynes–Duesenberry–Friedman Model100 cited
  • 2010Limited participation and consumption-saving puzzles: A simple explanation and the role of insurance☆97 cited
  • 2002An Isomorphism Between Asset Pricing Models With and Without Linear Habit Formation93 cited
  • 2021Portfolio choice with sustainable spending: A model of reaching for yield84 cited

Only edges whose both ends are imported exist here. Widen the year window, or show the whole map. Back to the work

  • 2002Myopic Portfolio Choice84 cited
  • 1998Who Should Buy Long-Term Bonds?84 cited
  • 2017Dynamic pricing for deteriorating products with menu cost78 cited
  • 2015Thoughts on the Future: Life-Cycle Investing in Theory and Practice70 cited
  • 1999Using Asset Allocation to Protect Spending67 cited
  • 2003Thoughts on the Future: Life-Cycle Investing in Theory and Practice66 cited
  • 1998The return on investment from proportional portfolio strategies60 cited
  • 1999A class of solvable singular stochastic control problems56 cited
  • 2015Why Are University Endowments Large and Risky?54 cited