Life-Cycle Portfolio Choice with Additive Habit Formation Preferences and Uninsurable Labor Income Risk

Optimum consumption and portfolio rules in a continuous-time model

1971 • 6,065 citations

The equity premium: A puzzle

1985 • 5,686 citations

By Force of Habit: A Consumption‐Based Explanation of Aggregate Stock Market Behavior

1999 • 5,300 citations

Habit Formation: A Resolution of the Equity Premium Puzzle

1990 • 2,223 citations

Consumption Over the Life Cycle

2002 • 1,811 citations

Saving and Liquidity Constraints

1991 • 1,535 citations

Consumption and Portfolio Choice over the Life Cycle

2005 • 1,465 citations

Portfolio Choice and Asset Prices: The Importance of Entrepreneurial Risk

2000 • 1,107 citations

The Buffer-Stock Theory of Saving: Some Macroeconomic Evidence

1992 • 1,076 citations

Do the Rich Save More?

2004 • 956 citations

Portfolio Choice in the Presence of Housing

2004 • 956 citations

Optimal Life‐Cycle Asset Allocation: Understanding the Empirical Evidence

2005 • 784 citations

Evaluating the Effects of Incomplete Markets on Risk Sharing and Asset Pricing

1996 • 683 citations

Optimal Consumption and Portfolio Choices with Risky Housing and Borrowing Constraints

2004 • 601 citations

Intertemporally Dependent Preferences and the Volatility of Consumption and Wealth

1989 • 553 citations

Wealth Accumulation Over the Life Cycle and Precautionary Savings

2003 • 471 citations

An Empirical Investigation of Asset Pricing with Temporally Dependent Preference Specifications

1995 • 423 citations

MARKET FRICTIONS, SAVINGS BEHAVIOR, AND PORTFOLIO CHOICE

1997 • 413 citations

Why Should Older People Invest Less in Stocks Than Younger People?

1996 • 334 citations

Asset Prices in an Exchange Economy with Habit Formation

1991 • 261 citations

Taxation and household portfolio composition: US evidence from the 1980s and 1990s

2002 • 214 citations

Average Debt and Equity Returns: Puzzling?

2003 • 193 citations

Optimal consumption–portfolio choices and retirement planning

2003 • 174 citations

Portfolio choice with internal habit formation: a life-cycle model with uninsurable labor income risk

2003 • 148 citations

Portfolio Choice in the Presence of Personal Illiquid Projects

2002 • 145 citations

Household Portfolios: An International Comparison

2000 • 119 citations

Habit Formation and Aggregate Consumption

1998 • 101 citations

Optimal Life-Cycle Asset Allocation: Understanding the Empirical Evidence

2003 • 75 citations

Optimal consumption and portfolio rules with durability and habit formation

1997 • 54 citations

Optimal Consumption and Portfolio Rules with Durability and Habit Formation

2005 • 13 citations

Pricing Risk in Economies with Heterogenous Agents and Incomplete Markets

2003 • 13 citations

Wealth accumulation and portfolio choice with taxable and tax-deferred accounts

2005 • 7 citations