Why Do Household Portfolio Shares Rise in Wealth?
收藏NBER2010-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w16316
下载链接
链接失效反馈官方服务：
资源简介：
We develop a life-cycle consumption and portfolio choice model in which households have nonhomothetic utility over two types of goods, basic and luxury. We calibrate the model to match the cross-sectional and life-cycle variation in the basic expenditure share in the Consumer Expenditure Survey. The
提供机构：
美国国家经济研究局
创建时间：
2010-08-01
