consumption and portfolio theory shows that the younger generations should have the higher equity exposure due to their human … capital. Stock market losses should be distributed smoothly over lifetime consumption by adjusting both current contributions …

consumption, investors simultaneously choose how much to save, the portfolio allocation, and the optimal investment in literacy …

accumulating adequate saving for retirement …

literature on household saving behavior in Japan (with emphasis on the author's own past research) to shed light on whether or … the age structure of the population on the saving rate, the saving behavior of retired households, saving motives, the …

Based on the German Socio-economic Panel (SOEP), we show that household consumption drops and saving rises … significantly within four years after a child moves out of a household. Per capita consumption of parents is approximately leveled … up to that of childless peers after all children are gone. We conclude with respect to the adequacy of saving rates that …