أعرض تسجيلة المادة بشكل مبسط

dc.creator Gollier, Christian
dc.date 2005
dc.date.accessioned 2013-10-16T07:01:11Z
dc.date.available 2013-10-16T07:01:11Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/18758
dc.identifier ppn:479281289
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/18758
dc.description We explore the various arguments for and against the recommendation that younger households should invest a larger share of their pension wealth in risky assets. The ability of young agents to compensate their financial losses by saving more during their career provides the strongest argument in favour of younger people investing more aggressively in the stock market. Meanreversion in stock returns yields another argument. However, the uninsurability of the risky human capital goes in the opposite direction, together with the imperfect knowledge that young investors have about the distribution of asset returns.
dc.language eng
dc.publisher
dc.relation CESifo working papers 1394
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject G11
dc.subject ddc:330
dc.subject dynamic portfolio choice
dc.subject pension plan
dc.subject retirement
dc.subject time horizon
dc.subject Private Rentenversicherung
dc.subject Kapitalanlage
dc.subject Portfolio-Management
dc.subject Lebensalter
dc.subject Entscheidung bei Unsicherheit
dc.subject Aktie
dc.subject Verdienstausfall
dc.subject Theorie
dc.title Optimal portfolio management for individual pension plans
dc.type doc-type:workingPaper


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أعرض تسجيلة المادة بشكل مبسط