Income And Wealth Heterogeneity Portfolio Choice And Equilibrium Asset Returns
Work
Year: 1997
Type: article
Abstract: We derive asset-pricing and portfolio-choice implications of a dynamic incomplete-markets model in which consumers are heterogeneous in several respects: labor income, asset wealth, and preferences. I... more
Source: Macroeconomic Dynamics
Authors Per Krusell, Anthony A. Smith
Institutions University of Rochester, Carnegie Mellon University
Cites: 28
Cited by: 355
Related to: 10
FWCI: 10.22
Citation percentile (by year/subfield): 98.1
Topic: Economic theories and models
Subfield: Economics and Econometrics
Domain: Social Sciences
Sustainable Development Goal Decent work and economic growth
Open Access status: green