Loading...
Please wait, while we are loading the content...
Similar Documents
Life-cycle asset accumulation and allocation in Canada
| Content Provider | Library of Congress - Books/Printed Material |
|---|---|
| Author | Milligan, Kevin. |
| Spatial Coverage | Canada |
| Temporal Coverage | 2004 |
| Copyright Year | 2004 |
| 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 1999 Survey of financial security, with some comparisons to earlier wealth surveys from 1977 and 1984. I find cross-sectional evidence for asset decumulation at older ages when annuitized assets like pension wealth are included in the analysis. I also find that the portfolio share of financial assets increases sharply with age, while indicators of risk tolerance appear to decrease. This is consistent with families desiring more liquid and less risky assets as they age"--National Bureau of Economic Research web site. |
| Language | English |
| Publisher | National Bureau of Economic Research |
| Publisher Place | Cambridge, MA |
| Part of Series | Catalog |
| Requires | HTML5 supported browser |
| Access Restriction | Open |
| Subject Keyword | Asset Allocation Canada Portfolio Management Saving and Investment |
| Subject Domain (in LCSH) | Saving and investment--Canada |
| Subject Domain (in LCSH) | Asset allocation--Canada |
| Subject Domain (in LCSH) | Portfolio management--Canada |
| Subject Domain (in LCC) | HB1 |
| Content Type | Text |
| Resource Type | Book |