Optimal Life-Cycle Asset Allocation: Understanding the Empirical Evidence

Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework

Larry G. Epstein, Stanley E. Zin · Econometrica · 1989 · 4.5K citations

Social Sciences, Economics, Finance +17

Saving and Liquidity Constraints

Angus Deaton · Econometrica · 1991 · 1.6K citations

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Capital Market Equilibrium with Transaction Costs

George M. Constantinides · Journal of Political Economy · 1986 · 1.2K citations

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Portfolio Choice and Asset Prices: The Importance of Entrepreneurial Risk

J.B. Heaton, Deborah Lucas · The Journal of Finance · 2000 · 1.1K citations

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The Buffer-Stock Theory of Saving: Some Macroeconomic Evidence

Christopher D. Carroll, Robert E. Hall, Stephen P. Zeldes · Brookings Papers on Economic Activity · 1992 · 1.1K citations · Full text

Social Sciences, Economics, Macroeconomics +16