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Borrowing Costs and the Demand for Equity Over the Life Cycle
16 references·3 citing·37 second hop
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References

  • 1969Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case5,199 cited
  • 2002Consumption Over the Life Cycle1,824 cited
  • 1969Lifetime Portfolio Selection By Dynamic Stochastic Programming1,692 cited
  • 1991Saving and Liquidity Constraints1,650 cited
  • 1983Stochastic Consumption, Risk Aversion, and the Temporal Behavior of Asset Returns1,549 cited
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  • 2000Portfolio Choice and Asset Prices: The Importance of Entrepreneurial Risk1,042 cited
  • 1991Quadrature-Based Methods for Obtaining Approximate Solutions to Nonlinear Asset Pricing Models926 cited
  • 2002Towards an Explanation of Household Portfolio Choice Heterogeneity: Nonfinancial Income and Participation Cost Structures560 cited
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  • 1997MARKET FRICTIONS, SAVINGS BEHAVIOR, AND PORTFOLIO CHOICE389 cited
  • 1996Asset Pricing in Economies with Frictions309 cited
  • 2002Asset Holding and Consumption Volatility260 cited
  • 1995Market Frictions and Consumption-Based Asset Pricing

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236 cited
  • 1982Consumption correlatedness and risk measurement in economies with non-traded assets and heterogeneous information236 cited
  • Cited by

    • 2020Planning and Saving for Retirement29 cited
    • 2014Optimal Design of Funded Pension Schemes27 cited
    • 2002Life-Cycle Asset Allocation: A Model with Borrowing Constraints, Uninsurable Labor Income Risk and Stock-Market Participation Costs18 cited