Kaplan, Paul D.; Idzorek, Thomas M. - 2023
For nearly three quarters of a century, the lifecycle models stemming from Fisher (1930), Friedman (1957), Modigliani (1966), Samuelson (1969), Merton (1969, 1971, 1992), and others, and the single-period optimization models of Roy (1952), Tobin (1958), and Markowitz (1952, 1959, 1987) have...