Title: Lifetime Financial Advice Human Capital Asset Allo

Name: Title: Lifetime Financial Advice Human Capital Asset Allo
Brand: momoxbooks
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Description

In determining asset allocation, individuals must consider more than the risk-return trade-off of financial assets. They must take into account human capital and mortality risk in the earlier life-cycle stages and longevity risk in the later life-cycle stages. The authors show how to integrate these factors into individual investors' asset allocations through a systematic joint analysis of the life insurance a family needs to protect human capital and how to allocate the family's financial capital. The proposed life-cycle model then addresses the transition from the accumulation to the saving phases-in particular, the role (if any) of immediate payout annuities.

Product details

Binding:

Paperback

Publication Date:

1601

Languages:

Published: English

ISBN10:

0943205948

Weight:

204 g

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