Location choice, life cycle and amenities
نویسندگان
چکیده
منابع مشابه
Hyperbolic Discounting and Life-Cycle Portfolio Choice
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I study a theoretical model of life-cycle portfolio choice for an investor who has an option to invest in human capital but is liquidity constrained. I find that, since the young are more likely to exercise the option than the old, they are more concerned about liquidity risk (i.e. the risk that the liquidity constraint binds when it is optimal to invest). This, in turn, implies a hump-shaped p...
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ژورنال
عنوان ژورنال: Journal of Regional Science
سال: 2019
ISSN: 0022-4146,1467-9787
DOI: 10.1111/jors.12441