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Investing Retirement Wealth : A Life-Cycle Model

Campbell, John Y. - 1999

If household portfolios are constrained by borrowing and short-sales restrictions asset markets, then alternative … retirement savings systems may affect household welfare by relaxing these constraints. This paper uses a calibrated partial …

Persistent link: https://www.econbiz.de/10012471771

Measuring the Financial Sophistication of Households

Calvet, Laurent E. - 2009

wealth and household size, and to a lesser extent with education and proxies for financial experience. The index is strongly … positively correlated with the share of risky assets held by a household …

Persistent link: https://www.econbiz.de/10012463948

Fight or Flight? Portfolio Rebalancing by Individual Investors

Calvet, Laurent E. - 2008

participants. These patterns conceal strong household-level evidence of active rebalancing, which on average offsets about one half …

Persistent link: https://www.econbiz.de/10012464470

Household Finance

Campbell, John Y. - 2006

study of household finance is challenging because household behavior is difficult to measure accurately, and because …

Persistent link: https://www.econbiz.de/10012466506

Down or Out : Assessing the Welfare Costs of Household Investment Mistakes

Calvet, Laurent E. - 2006

This paper investigates the efficiency of household investment decisions in a unique dataset containing the …

Persistent link: https://www.econbiz.de/10012466639

The Cross-Section of Household Preferences

Calvet, Laurent E.; Campbell, John Y.; Gomes, Francisco J. - National Bureau of Economic Research - 2021

This paper estimates the cross-sectional distribution of Epstein-Zin preference parameters in a large administrative panel of Swedish households. We consider life-cycle model of saving and portfolio choice that incorporates risky labor income, safe and risky financial assets inside and outside...

Persistent link: https://www.econbiz.de/10012533337

International Comparative Household Finance

Badarinza, Cristian - 2016

This paper reviews the literature on international comparative household finance. The paper presents summary statistics … on household balance sheets for 13 developed countries, and uses these statistics to discuss common features and …

Persistent link: https://www.econbiz.de/10012456608

A Model of Mortgage Default

Campbell, John Y. - 2011

This paper solves a dynamic model of a household's decision to default on its mortgage, taking into account labor …

Persistent link: https://www.econbiz.de/10012461141