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Collective risk-taking decisions with heterogeneous beliefs
Gollier, Christian - 2003
degree of pessimism of the representative agent is the mean of the individual ones weighted by their index of absolute risk …
Persistent link: https://www.econbiz.de/10011507677
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The design of pension pay out options when the health status during retirement is uncertain
Kifmann, Mathias (contributor) - 2008
Persistent link: https://www.econbiz.de/10003635223
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Optimal portfolio management for individual pension plans
Gollier, Christian (contributor) - 2005
We explore the various arguments for and against the recommendation that younger households should invest a larger share of their pension wealth in risky assets. The ability of young agents to compensate their financial losses by saving more during their career provides the strongest argument in...
Persistent link: https://www.econbiz.de/10002577086
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Life-cycle asset allocation with ambiguity aversion and learning
Peijnenburg, Kim - In: Journal of financial and quantitative analysis : JFQA 53 (2018) 5, pp. 1962-1994
Persistent link: https://www.econbiz.de/10011959061
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The distribution of ambiguity attitudes
Gaudecker, Hans-Martin von; Wogrolly, Axel; Zimpelmann, … - 2022
This paper analyzes the stability and distribution of ambiguity attitudes using a broad population sample. Using high-powered incentives, we collected six waves of data on ambiguity attitudes about financial markets—our main application—and climate change. Estimating a structural stochastic...
Persistent link: https://www.econbiz.de/10013445542
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On the equivalence between labor and consumption taxation
Panteghini, Paolo - 2009
can undertake an active portfolio management strategy by investing in both risk-free and risky assets. Using a two … in each period. -- Consumption and labor taxation ; equivalence ; risk …
Persistent link: https://www.econbiz.de/10003820652
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Intergenerational risk-sharing and risk-taking of a pension fund
Gollier, Christian (contributor) - 2007
Persistent link: https://www.econbiz.de/10003496853
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Risk, return and portfolio allocation under alternative pension arrangements with imperfect financial markets
Miles, David; Černý, Aleš - 2001
between funded and unfunded systems when there are sources of uninsurable risk that are allocated in different ways by …
Persistent link: https://www.econbiz.de/10011398101
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Changes in risk and asset prices
Schlesinger, Harris; Gollier, Christian - 2001
We examine asset prices in a representative-agent model of general equilibrium. Assuming only that individuals are risk … averse, we determine conditions on the changes in asset risk that are both necessary and sufficient for the asset price to … incomplete in the sense of containing an uninsurable background risk, such as a risk on labor income. We extend our model to show …
Persistent link: https://www.econbiz.de/10011398103
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Should we give up after Solyndra? : optimal technology R&D portfolios under uncertainty
Webster, Mort; Fisher-Vanden, Karen; Popp, David; … - 2015
Global climate change and other environmental challenges require the development of new energy technologies with lower emissions. In the near-term, R&D investments, either by government or the private sector, can bring down the costs of these lower emission technologies. However, the results of...
Persistent link: https://www.econbiz.de/10011298511