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Robert C. Merton and the science of finance

Bodie, Zvi - In: Annual review of financial economics 12 (2020), pp. 19-38

Persistent link: https://www.econbiz.de/10012404616

Labor supply flexibility and portfolio choice in a life-cycle model

Bodie, Zvi; Merton, Robert C.; Samuelson, William - 1992

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Labor supply flexibility and portfolio choice in a life cycle model

Bodie, Zvi - In: Journal of economic dynamics & control 16 (1992) 3, pp. 427-449

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Financial economics

Bodie, Zvi; Merton, Robert C.; Cleeton, David L. - 2009 - 2. ed.

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Labor Supply Flexibility and Portfolio Choice in a Life-Cycle Model

Bodie, Zvi - 1992

This paper examines the effect of the labor-leisure choice on portfolio and consumption decisions over an individual's life cycle. The model incorporates the fact that individuals may have considerable flexibility in varying their work effort (including their choice of when to retire). Given...

Persistent link: https://www.econbiz.de/10012475027