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Life-cycle personal accounts proposal for Social Security: An evaluation of President Bush's proposal
15 references·2 citing·41 second hop
Life-cycle personal accounts proposal for Social Security: An evaluation of President Bush's proposal (2005)Life-cycle personal accounts proposal for…Life-Cycle Portfolios as Government Policy (2005)Life-Cycle Portfolios as Gove…Triumph of the optimists: 101 years of global investment returns (2003)Triumph of the optimists: 101…The new financial order: risk in the 21st century (2003)The new financial order: risk…Strategic Asset Allocation: Portfolio Choice for Long‐Term Investors. (2003)Strategic Asset Allocation: P…Optimal Portfolio Choice for Long‐Horizon Investors with Nontradable Labor Income (2001)Optimal Portfolio Choice for …Social Security Money's Worth (2000)Social Security Money's WorthPortfolio Choice and Asset Prices: The Importance of Entrepreneurial Risk (2000)Portfolio Choice and Asset Pr…Global Stock Markets in the Twentieth Century (1999)Global Stock Markets in the T…The International Diversification Puzzle is Worse Than You Think (1995)The International Diversifica…Survival (1995)SurvivalStocks for the Long Run (1994)Stocks for the Long RunLabor supply flexibility and portfolio choice in a life cycle model (1992)Labor supply flexibility and …LIFETIME PORTFOLIO SELECTION BY DYNAMIC STOCHASTIC PROGRAMMING (1975)LIFETIME PORTFOLIO SELECTION …An Intertemporal Capital Asset Pricing Model (1973)An Intertemporal Capital Asse…Lifetime Portfolio Selection By Dynamic Stochastic Programming (1969)Lifetime Portfolio Selection …The Value and Risk of Defined Contribution Pension Schemes: International Evidence (2009)The Value and Risk of Defined…The Chilean pension reform: A model to follow? (2007)The Chilean pension reform: A…Size and Book-to-Market Factors in Earnings and Returns (1995)Value versus Growth: The International Evidence (1998)Chapter 13 Consumption-based asset pricing (2003)Is size dead? A review of the size effect in equity returns (2011)Predictive regressions with time-varying coefficients (2012)Portfolio Selection: Efficient Diversification of Investments (1959)Risk Aversion in the Small and in the Large (1964)Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case (1969)Risk Aversion in the Small and in the Large (1976)A Theory of the Term Structure of Interest Rates (1985)The equity premium: A puzzle (1985)Habit Formation: A Resolution of the Equity Premium Puzzle (1990)Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: An Empirical Analysis (1991)A Century of Stock Market Liquidity and Trading Costs (2002)Asset Pricing with Heterogeneous Consumers and Limited Participation: Empirical Evidence (2002)Dynamic Asset Allocation with Event Risk (2003)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. 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)Conditional Heteroskedasticity in Asset Returns: A New Approach (1991)The Cross-Section of Expected Stock Returns (1992)Optimum consumption and portfolio rules in a continuous-time model (1971)Asset Prices in an Exchange Economy (1978)Common risk factors in the returns on stocks and bonds (1993)Idiosyncratic Risk Matters! (2003)Market Frictions, Price Delay, and the Cross-Section of Expected Returns (2005)Entrepreneurship, Frictions, and Wealth (2006)Precautionary Saving in the Small and in the Large (1990)Saving and Liquidity Constraints (1991)Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis (1997)Optimal life cycle asset allocation : understanding the empirical evidence (2005)Hedging, Familiarity and Portfolio Choice (2006)Puzzles in International Financial Markets (1994)Stock Market Openings: Experience of Emerging Economies (2000)Are Financial Assets Priced Locally or Globally? (2002)A multivariate model of strategic asset allocation (2002)Sources of Lifetime Inequality (2011)Strategic Asset Allocation (2002)Portfolio Choice in the Presence of Housing (2004)Myopic Loss Aversion and the Equity Premium Puzzle (1993)International Asset Allocation With Regime Shifts (2002)
this work references cited by second hop

References

  • 1973An Intertemporal Capital Asset Pricing Model6,557 cited
  • 1975LIFETIME PORTFOLIO SELECTION BY DYNAMIC STOCHASTIC PROGRAMMING1,941 cited
  • 1969Lifetime Portfolio Selection By Dynamic Stochastic Programming1,692 cited
  • 1992Labor supply flexibility and portfolio choice in a life cycle model1,136 cited
  • 2000Portfolio Choice and Asset Prices: The Importance of Entrepreneurial Risk1,042 cited
  • 2001Optimal Portfolio Choice for Long‐Horizon Investors with Nontradable Labor Income755 cited
  • 2003Triumph of the optimists: 101 years of global investment returns585 cited
  • 1994Stocks for the Long Run567 cited
  • 1995The International Diversification Puzzle is Worse Than You Think561 cited
  • 1999Global Stock Markets in the Twentieth Century515 cited
  • 2003The new financial order: risk in the 21st century471 cited
  • 2003Strategic Asset Allocation: Portfolio Choice for Long‐Term Investors.317 cited
  • 1995Survival74 cited
  • 2000Social Security Money's Worth41 cited
  • 2005Life-Cycle Portfolios as Government Policy38 cited

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The Value and Risk of Defined Contribution Pension Schemes: International Evidence
30 cited
  • 2007The Chilean pension reform: A model to follow?23 cited