Optimal Portfolio Choice for Long-Horizon Investors with Nontradable Labor Income
收藏NBER1999-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w7409
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资源简介：
This paper analyzes optimal portfolio decisions of long-horizon investors with undiversifiable labor income risk and exogenous expected retirement and lifetime horizons. It shows that the fraction of savings optimally invested in stocks is unambiguously larger for employed investors than for retired
提供机构：
美国国家经济研究局
创建时间：
1999-10-01
