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Moving costs, nondurable consumption and portfolio choice

✍ Scribed by Nancy L. Stokey

Book ID
113708133
Publisher
Elsevier Science
Year
2009
Tongue
English
Weight
367 KB
Volume
144
Category
Article
ISSN
0022-0531

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πŸ“œ SIMILAR VOLUMES

Optimal consumption–portfolio choices an
Optimal consumption–portfolio choices and retirement planning
✍ Zvi Bodie; JΓ©rΓ΄me B. Detemple; Susanne Otruba; Stephan Walter πŸ“‚ Article πŸ“… 2004 πŸ› Elsevier Science 🌐 English βš– 414 KB

We examine consumption and investment decisions in a life-cycle model with habit formation, stochastic opportunity set, stochastic wages and labor supply exibility. Retirement is taken into account by specifying an age at which labor earnings stop, but consumption spending continues. Explicit soluti