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investors, and hence, on equity risk premia and the liquidity premium. Three, the effects of transaction costs on quantities …
Persistent link: https://www.econbiz.de/10010250161
investors, and hence, on equity risk premia and the liquidity premium. …
Persistent link: https://www.econbiz.de/10012061082
This Chapter explores how an environment of persistent low returns influences saving, investing, and retirement behaviors, as compared to what in the past had been thought of as more "normal" financial conditions. Our calibrated lifecycle dynamic model with realistic tax, minimum distribution,...
Persistent link: https://www.econbiz.de/10011755248