Life-cycle asset accumulation and allocation in Canada
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Life-cycle asset accumulation and allocation in Canada by Kevin Milligan

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Published by National Bureau of Economic Research in Cambridge, Mass .
Written in English

Subjects:

  • Older people -- Canada -- Finance, Personal

Book details:

Edition Notes

StatementKevin Milligan.
SeriesNBER working paper series -- no. 10860., Working paper series (National Bureau of Economic Research) -- working paper no. 10860.
ContributionsNational Bureau of Economic Research.
The Physical Object
Pagination37 p. :
Number of Pages37
ID Numbers
Open LibraryOL17625236M
OCLC/WorldCa56910653

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Downloadable (with restrictions)! This paper documents the life-cycle patterns of household portfolios in Canada, and investigates several hypotheses about asset accumulation and allocation. Inferences are drawn from the Survey of Financial Security, with some comparisons to earlier wealth surveys from and I find cross-sectional evidence for asset decumulation at older ages. Life-Cycle Asset Accumulation and Allocation in Canada Article in Canadian Journal of Economics/Revue Canadienne d`Economique 38(3) Author: Kevin Milligan. Life-cycle asset accumulation and allocation in Canada Kevin Milligan Department of Economics, University of British Columbia Abstract. This paper documents the life-cycle patterns of household portfolios in Canada, and investigates several hypotheses about asset accumulation and by: Abstract. This paper documents the life‐cycle patterns of household portfolios in Canada, and investigates several hypotheses about asset accumulation and allocation. Inferences are .

CiteSeerX - Document Details (Isaac Councill, Lee Giles, Pradeep Teregowda): This paper documents the life-cycle patterns of household portfolios in Canada, and investi-gates several hypotheses about asset accumulation and allocation. Inferences are drawn from the Survey of Financial Security, with some comparisons to earlier wealth surveys from and Optimal Life-Cycle Asset Allocation more wealth over the life cycle. We show that the higher wealth accumulation motive dominates for moderate coefficients of relative risk aversion (RRA) (i.e., not greater than five). As a result, the less risk-averse investors have a weaker incentive to pay the fixed cost. This explains why previous. This leads to the risk of depleting these savings, that is, portfolio depletion risk. We analyze the management of this risk through life cycle optimal dynamic asset allocation, including the accumulation and decumulation phases. We pose the asset allocation strategy as an optimal stochastic control problem. optimal pattern of age-related asset allocation. It then describes the lifecycle funds that have become increasingly popular in the retirement plan market. Section two describes the algorithm that we use to simulate the distribution of retirement plan assets under different asset allocation rules during the accumulation period.

Get this from a library! Life-cycle asset accumulation and allocation in Canada. [Kevin Milligan; National Bureau of Economic Research.] -- "This paper documents the life-cycle patterns of household portfolios in Canada, and investigates several hypotheses about asset accumulation and allocation. Inferences are drawn from the Survey.   Abstract. This paper documents the life‐cycle patterns of household portfolios in Canada, and investigates several hypotheses about asset accumulation and allocation. Inferences are drawn from the Survey of Financial Security, with some comparisons to earlier wealth surveys from and I find cross‐sectional evidence for asset decumulation at older ages when annuitized .   Life-cycle funds are a type of asset-allocation mutual fund in which the proportional representation of an asset class in a fund's portfolio is automatically . "Life-cycle asset accumulation and allocation in Canada," Canadian Journal of Economics, Canadian Economics Association, vol. 38(3), pages , August. Kevin Milligan, " Life-cycle Asset Accumulation and Allocation in Canada," Social and Economic Dimensions of an Aging Population Research Papers , McMaster University.