Tischbirek, Andreas - In: Quantitative economics : QE ; journal of the … 10 (2019) 3, pp. 1109-1151
Formal dynamic analyses of household portfolio choice in the literature focus on holdings of equity and a risk-free asset or bonds of different maturities, neglecting the interdependence of the decisions to invest in equity, short-term and longterm bonds made by households. Data from the Survey...