Showing 1 - 10 of 18
Persistent link: https://www.econbiz.de/10001803381
Persistent link: https://www.econbiz.de/10001365898
Persistent link: https://www.econbiz.de/10001374828
Persistent link: https://www.econbiz.de/10001567832
Persistent link: https://www.econbiz.de/10001071103
This paper develops a tractable stochastic overlapping generations model to analyze the equilibrium equity premium and growth rate of the capital stock in the presence of a defined-benefit Social Security system. If the Social Security Trust Fund increases the share of its portfolio held in...
Persistent link: https://www.econbiz.de/10012471809
The fact that consumers do not know in advance the dates at which they will die effects their individual consumption and portfolio decisions. In general, some consumers will end up leaving bequests at death, even if they have no bequest motive, simply because they happen to die at a time when...
Persistent link: https://www.econbiz.de/10012477718
Persistent link: https://www.econbiz.de/10000800679
Persistent link: https://www.econbiz.de/10000757864
Persistent link: https://www.econbiz.de/10003461258