Title:Asset market participation and portfolio choice over the life-cycle Author(s):FAGERENG, Andreas; GOTTLIEB, Charles; GUISO, LuigiDate:2017Citation:
- The journal of finance, 2017, Vol. 72, No. 2, pp. 705–750
Type:ArticleAbstract:Using error-free data on life-cycle portfolio allocations of a large sample of Norwegian households, we document a double adjustment as households age: a rebalancing of the portfolio composition away from stocks as they ...