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Cited by 318

The DOI matches its Crossref record; 4 of the 4 references it cites were found in a registry or an index.

Asset Market Participation and Portfolio Choice over the Life‐Cycle

Open access
FAGERENG, ANDREAS, GOTTLIEB, CHARLES, GUISO, LUIGI·2017·The Journal of Finance
DOI 10.1111/jofi.12484
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Abstract

Using error‐free data on life‐cycle portfolio allocations of a large sample of Norwegian households, we document a double adjustment as households age: a rebalancing of the portfolio composition away from stocks as they approach retirement and stock market exit after retirement. When structurally estimating an extended life‐cycle model, the parameter combination that best fits the data is one with a relatively large risk aversion, a small per‐period participation cost, and a yearly probability of a large stock market loss in line with the frequency of stock market crashes in Norway.

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Crossref · 10.1111/jofi.12484

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Metadata

Authors
FAGERENG, A., GOTTLIEB, C., & GUISO, L.
Venue
The Journal of Finance
Publisher
Wiley
Published
2017-03-21
Volume
72
Issue
2
Pages
705-750
ISSN
  • 0022-1082 (ISSN-L)
  • 1540-6261
DOI
10.1111/jofi.12484
OpenAlex
W3121510583
Cited by
318
References
4
FWCI
81.56
Type
journal article
Language
en
Open access
green

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CoChat. (2026). Citation check: Asset Market Participation and Portfolio Choice over the Life‐Cycle. https://app.cochat.ai/papers/10.1111/jofi.12484
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FAGERENG, A., GOTTLIEB, C., & GUISO, L. (2017). Asset Market Participation and Portfolio Choice over the Life‐Cycle. The Journal of Finance. https://doi.org/10.1111/jofi.12484

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.