Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/185872 
Year of Publication: 
2007
Citation: 
[Journal:] Swiss Journal of Economics and Statistics [ISSN:] 2235-6282 [Volume:] 143 [Issue:] 2 [Publisher:] Springer [Place:] Heidelberg [Year:] 2007 [Pages:] 187-238
Publisher: 
Springer, Heidelberg
Abstract: 
We use panel data from the Swiss Labor Force Survey to estimate age-earnings profiles as well as transitory and permanent income shock variances for investor groups distinguished by gender, education and activity rate. Estimation results are then used to stylize several different Swiss investor types. Finally, we determine optimal life cycle consumption, savings and risky asset share for these investor types using a recent computational life cycle model of portfolio choice suggested by Cocco et al. (2005). We are particularly interested in the allocation differences between investor types and their normative implications.
Subjects: 
Personal finance
financial planning
life cycle model
portfolio choice
JEL: 
G11
D14
D91
H55
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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