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32 Ergebnisse, ab 31
  • Diskussionspapiere 978 / 2010

    Unemployment and Portfolio Choice: Does Persistence Matter?

    We use a life cycle model of consumption and portfolio choice to study the effects of social security on the investment decisions of households for the European case. Our model is mainly based on the one developed by Cocco, Gomes, and Maenhout (2005). We extend it by unemployment risk using Markov chains to model the transition between different employment states. In contrast to most models in the ...

    2010| Vladimir Kuzin, Franziska Bremus
  • Sonstige Publikationen des DIW / Monographien

    Auswirkungen der Europäischen Währungsunion auf die deutsche Wirtschaft

    1999| Sebastian Dullien, Gustav-Adolf Horn
32 Ergebnisse, ab 31
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