According to popular opinion, sound financial planning advice consists of two ... That’s the point of the Life Cycle Model, in which individuals allocate resources over their lifetimes with ...
Bodie, Zvi, Robert C. Merton, and William Samuelson. "Labor Supply Flexibility and Portfolio Choice in a Life-Cycle Model." Journal of Economic Dynamics & Control 16, nos. 3-4 (July–October 1992): 427 ...
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