Consumption and Portfolio Choice over the Life Cycle

By João F. Cocco, Francisco Gomes, Pascal J. Maenhout. 2005

1,446 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/47e420af2ec38b50dc27deff847022fc7f15c4cc

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Citations in the corpus

Financial Literacy, Portfolio Choice and Financial Well-Being (2016, background): “2011; Yoong 2011) and thus can forgo the substantial equity gain (Cocco et al. 2005).”
Twin Picks: Disentangling the Determinants of Risk-Taking in Household Portfolios (2013, neutral): “[32] Cocco, Joao, Francisco Gomes, and Pascal Maenhout, 2005, Consumption and portfolio choice over the life cycle, Review of Financial Studies 18 (2), 491-533.”
Housing, mortgage bailout guarantees and the macro economy (2013, result): “Cocco et al. (2005) or Haliassos and Michaelides (2001)).”
Impact of Financial Literacy and Investment Experience on Risk Tolerance and Investment Decisions: Empirical Evidence from Pakistan (2016, background): “It is also demonstrated that a negative impact of participation in capital market caused by less education of financial knowledge and it will lead to loss in the long term (Cocco et al., 2005).”
Optimal Financial Knowledge and Wealth Inequality (2017, neutral): “Following the literature (HSZ, 1994; SSK, 2006), we set the variance 23See Campbell and Viceira (2002) and Cocco, Gomes, and Maenhout (2005).”
Stock Market Returns and Consumption (2020, neutral): “Davis and Palumbo (2001), Case, Quigley and Shiller (2005, 2013), Carroll, Otsuka, and Slacalek (2011) and Carroll and Zhou (2012) are examples of studies employing aggregate and regional variation in housing and stock wealth and consumption.”
Learning to Take Risks? The Effect of Education on Risk-Taking in Financial Markets (2018, neutral): “ 5 Cocco et al. (2005) show that in calibrated life-cycle models the welfare loss from no stockholding is between 1.5 and 2 percent of consumption.”
Who Are the Value and Growth Investors (2017, positive): “In the portfolio-choice literature (e.g., Cocco, Gomes, and Maenhout 2005), it is customary to assume that the household observes the transitory and persistent components of income.”
Formative Experiences and Portfolio Choice: Evidence from the Finnish Great Depression (2017, neutral): “Lower levels of permanent income and background risks also predict less risky investment (Bodie, Merton, and Samuelson (1992), Cocco, Gomes, and Maenhout (2005), Heaton and Lucas (1997), Merton (1971), Viceira (2001)).”
Optimal Portfolio Choice over the Life-Cycle with Flexible Work, Endogenous Retirement, and Lifetime Payouts (2011, neutral): “The correlation between stock returns and permanent and transitory earnings shocks  n is set to zero, consistent with empirical evidence in Cocco, Gomes, and Maenhout (2005).”