Asset Allocation and Location over the Life Cycle with Survival-Contingent Payouts
收藏NBER2008-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w14055
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资源简介：
This paper shows how lifelong survival-contingent payouts can enhance investor wellbeing in the context of a portfolio choice model which integrates uninsurable labor income and asymmetric mortality expectations. Our model generates optimal asset location patterns indicating how much to hold in
提供机构：
美国国家经济研究局
创建时间：
2008-06-01
