Asset Accumulation, Information, and the Life Cycle
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Empirical tests of the life cycle model have focused on its implications for the level of a household's total net worth and paid little attention to changes in portfolio composition over the life cycle. In this paper, we examine a new survey of the asset holdings of 6,010 U.S households and show
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美国国家经济研究局创建时间：
1987-09-01
