Life-Cycle Portfolio Choice with Additive Habit Formation Preferences and Uninsurable Labor Income Risk

By Valery Polkovnichenko. 2003

162 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/0fb350468c66d66bbb97ba2265b60d9bed7b292f

Citations in the corpus

• Labor Income Dynamics at Business-Cycle Frequencies:Implications for Portfolio Choice (2011, unknown): “Polkovnichenko (2007) finds that”
• Why Do Household Portfolio Shares Rise in Wealth (2010, unknown): “Third, internal habit formation can induce a strong motive to save in bonds early in life, crowding out stocks from the household’s portfolio (Gomes and Michaelides, 2003; Polkovnichenko, 2007).”