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~institution:"London School of Economics (LSE)"
~institution:"Max-Planck-Institut für Ökonomik <Jena> / Abteilung Strategische Interaktion"
~person:"Brañas-Garza, Pablo"
~person:"Michaelides, Alexander"
~subject:"uninsurable labor income risk"
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uninsurable labor income risk
Entscheidungstheorie
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Experimental Economics
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Experimentelle Spieltheorie
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Life-cycle models
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Preference heterogeneity
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decision theory
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liquidity constraints
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Anreiz
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Equity premium
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Incomplete risk sharing
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Limited stock market participation
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Liquidity constraints
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Portfolio choice
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Social Norm
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Soziale Norm
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Spieltheorie
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Stock market participation
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Uninsurable labor income risk
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game theory
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habit formation
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home equity bias
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information costs
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international portfolio choice
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Brañas-Garza, Pablo
Michaelides, Alexander
Gomes, Francisco J.
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London School of Economics (LSE)
Max-Planck-Institut für Ökonomik <Jena> / Abteilung Strategische Interaktion
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Portfolio choice with internal habit formation : a life-cycle model with uninsurable labor income
risk
Gomes, Francisco J.
;
Michaelides, Alexander
-
London School of Economics (LSE)
-
2003
labor income
risk
and stock-market participation costs. In contrast to the initial motivation, we find that the model is not …
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