Uncertainty about national income growth poses significant macroeconomic risk to households all over the world. To help …

background risk of Chinese residents. Design/methodology/approach – Using Chinese macroeconomic data, this study uses numerical … method to solve dynamic stochastic optimal problem. Findings – When risk of labor income is considered, ratio of risky asset … risky assets holdings: lower labor income growth expectations, higher labor income risk or higher labor and financial market …

the collapse of income, prices, investments, a multiplying number of bankruptcies, and a rapid growth of unemployment …

The optimal proportion of financial wealth placed in stocks versus risk-free bonds changes over an investor's life and …

relative to alternative investments. Originality/value – Previous literature on depreciation has not quantified amounts spent …

background risk of Chinese residents. Design/methodology/approach – Using Chinese macroeconomic data, this study uses numerical … method to solve dynamic stochastic optimal problem. Findings – When risk of labor income is considered, ratio of risky asset … risky assets holdings: lower labor income growth expectations, higher labor income risk or higher labor and financial market …