This paper estimates the cross-sectional distribution of Epstein-Zin preferences using the wealth and risky portfolio shares of a large panel of Swedish households. We find modestly heterogeneous risk
Zum Ende des Jahres 2023 lag die Zahl der in Deutschland verwalteten Wertpapierdepots privater Haushalte bei rund 31,26 Millionen - ein Anstieg um rund 5,2 Prozent im Vergleich zum Ende des Vorjahres.
We analyze consumption and portfolio behavior in a life-cycle model with realistic borrowing costs and income processes. We show that even a small wedge between borrowing costs and the risk-free retur
This paper analyzes the role that health status plays in household portfolio decisions using data from the Health and Retirement Study. The results indicate that health is a significant predictor of b
