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Investing Retirement Wealth: A Life-Cycle Model

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NBER1999-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w7029
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If household portfolios are constrained by borrowing and short-sales restrictions asset markets, then alternative retirement savings systems may affect household welfare by relaxing these constraints. This paper uses a calibrated partial-equilibrium model of optimal life-cycle portfolio choice to
创建时间:
1999-03-01
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