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Estimating risk preferences in the presence of bifrucated wealth dynamics : can we identify static risk aversion amidst dynamic risk responses?

Lybbert, Travis J.; Just, David; Barrett, Christopher B. - In: European review of agricultural economics : ERAE 40 (2013) 2, pp. 361-377

Persistent link: https://www.econbiz.de/10009734026

A refined consumption-wealth ratio and its role on time-varying consumption risk

Quijano, Margot - In: Economics letters 115 (2012) 1, pp. 88-90

Persistent link: https://www.econbiz.de/10009615307

Households expectations and investing in safe and risky financial assets

Dajcman, Silvo - In: Finance a úvěr 70 (2020) 5, pp. 431-460

Persistent link: https://www.econbiz.de/10012483361

Wealth fluctuations and investment in risky assets : the UK micro evidence on households asset allocation

Payá, Ivan; Wang, Peng - In: Journal of empirical finance 38 (2016), pp. 221-235

Persistent link: https://www.econbiz.de/10011663298

Understanding the risk-return relation : the aggregate wealth proxy actually matters

Cederburg, Scott; O'Doherty, Michael - In: Journal of business & economic statistics : JBES ; a … 37 (2019) 4, pp. 721-735

Persistent link: https://www.econbiz.de/10012179374

Richer earnings dynamics, consumption and portfolio choice over the life cycle

Gálvez, Julio; Paz Pardo, Gonzalo - 2023

Households face earnings risk which is non-normal and varies by age and over the income distribution. We show that allowing for these rich features of earnings dynamics, in the context of a structurally estimated life-cycle portfolio choice model, helps to rationalize the limited participation...