How do household portfolio shares vary with age? Unpub-lished working paper

By J. Ameriks, Stephen P. Zeldes. 2000

677 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/0dd37989b1c2157d78eb78aa523090893559573e

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Citations in the corpus

Heuristics and Biases in Retirement Savings Behavior (2007, background): “Ameriks and Zeldes (2000) report that over the 1987–1996 period, only 27 percent of the TIAA-CREF participants they studied reallocated their accumulated assets, though 53 percent reallocated their future contributions.9,10 9 One caveat is that TIAA-CREF had certain limitations on the reallocation…”
Risk-return preferences in the pension domain: are people able to choose? (2007, unknown): “Interestingly, empirical evidence in previous studies (for example Ameriks and Zeldes, 2001 ) typically reports a much lower degree of activism.”
Measuring the Perception of Financial Risk Tolerance: A Tale of Two Measures (2010, background): “Past studies have found that age is a predictor of savings and investment participation (Ameriks & Zeldes, 2000; Haurin, Hendershott, & Wachter, 1996) with younger individuals being more likely to take risks in pursuit of their savings and investing goals.”
Wealth Accumulation and the Propensity to Plan (2003, unknown): “The FAB explored these participants’ financial preferences, expectations, and attitudes.(2) In this paper, we focus attention on wealth accumulation for households in which neither the respondent nor the partner (if applicable) are at or above 65 years of age.”
Health Risk and Portfolio Choice (2008, methodology): “…portfolio shares should be 100 minus the investor’s age (Malkiel 1999), and with empirical evidence on the actual portfolio behavior of individuals, which generally exhibits declining risk taking through age, even after retirement (Guiso, Haliassos, and Jappelli 2002; Ameriks and Zeldes 2004).”
Fight or Flight? Portfolio Rebalancing by Individual Investors (2009, unknown): “Section 4 thus improves on the earlier specifications by: (1) providing more precise micro foundations; (2) correctly estimating the structural parameters even though the target is unobserved; and (3) allowing for heterogeneity in the adjustment speed.”
Demographics, Stock Market Flows, and Stock Returns (2004, methodology): “…the baby boomers, researchers have conducted numerous studies on investors’ portfolio allocation based on the lifecycle model.3 Bergantino (1998) and Poterba and Samwick (1997) use the Federal Reserve Board’s Surveys of Consumer Finances data, while Ameriks and Zeldes (2000) use data from TIAACREF.”
Regret, Portfolio Choice, and Guarantees in Defined Contribution Schemes (2006, background): “The first- and second-order conditions for (2) are”
How Does Monetary Policy Affect Income and Wealth Inequality? Evidence from Quantitative Easing in the Euro Area (2018, background): “This assumption is supported by the empirical evidence on considerable inertia in household portfolios, e.g., Ameriks and Zeldes (2004), Brunnermeier and Nagel (2008), Andersen et al. (2020) and others.”