Life-Cycle Asset Allocation: A Model with Borrowing Constraints, Uninsurable Labor Income Risk and Stock-Market Participation Costs

2002 ◽  
Author(s):  
Francisco J. Gomes ◽  
Alexander Michaelides
Keyword(s):  
Life Cycle ◽  
Stock Market ◽  
Asset Allocation ◽  
Borrowing Constraints ◽  
Labor Income ◽  
Market Participation ◽  
Income Risk ◽  
Labor Income Risk ◽  
Stock Market Participation ◽  
Participation Costs
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