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Keywords: Income
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Journal Articles
Household life‐cycle asset allocation and background risk of labor income
Available to Purchase
Journal:
China Finance Review International
China Finance Review International (2013) 3 (2): 117–130.
Published: 10 May 2013
... to solve dynamic stochastic optimal problem. Findings When risk of labor income is considered, ratio of risky asset declines with rising of age for those people with same age and wealth state; any of the following situations will lead to lower risky assets holdings: lower labor income growth...
