Gomes, F., and A. Michaelides (2003), Portfolio choice with internal habit
formation: a life-cycle model with uninsurable labor income risk, Review of
Economic Dynamics, 6: 729-766.
Gomes, F. / Michaelides, A. (2005), Optimal life-cycle asset allocation:
understanding the empirical evidence, The Journal of Finance, Vol. 60, S. 869-
904.
Guiso L., M. Haliassos, and T. Japelli (2002), Household Portfolios, Cambridge
(MA) et al.: The MIT Press.
Guvenen, F. (2007), Learning Your Earning: Are Labor Income Shocks Really Very
Persistent?, The American Economic Review, 97, 687-712.
Haliassos, M., and A. Michaelides (2003), Portfolio Choice and Liquidity
Constraints, International Economic Review, 44: 143-177.
Hakansson, N. H. (1969), Optimal Investment and Consumption Strategies Under
Risk, an Uncertain Lifetime, and Insurance, International Economic Review, 10:
443-466.
Hakansson, N. H. (1970), Optimal Investment and Consumption Strategies Under
Risk for a Class of Utility Functions, Econometrica, 38: 587-607.
Halek, M. and J. G. Eisenhauer (2001), Demography of Risk Aversion, The Journal
of Risk and Insurance, 68: 1-24.
Heaton, J., and D. Lucas (1997), Market Frictions, Savings Behavior, and Portfolio
Choice, Macroeconomic Dynamics, 1: 79-101.
Heaton, J., and D. Lucas (2000), Portfolio Choice in the Presence of Background
Risk, The Economic Journal, 110: 1-26.
Hinz, R. P., D. D. McCarthy, and J. A. Turner (1997), Are Women Conservative
Investors? Gender Differences in Participant-Directed Pension Investments, in:
Michael S. Gordon, Olivia S. Mitchell, and Marc M. Twinney (eds.), Positioning
Pensions for the Twenty-First Century (Philadelphia: The Pension Research
Council & University of Pennsylvania Press), 91-103.
Horneff, W., R. Maurer, and M. Stamos (2006), Life-Cycle Asset Allocation with
Annuity Markets: Is Longevity Insurance a Good Deal?, working paper, Johann
Wolfgang Goethe-Universitat Frankfurt am Main.
Hubbard, R. G., J. Skinner, and S. P. Zeldes (1994), The Importance of
Precautionary Motives for Explaining Individual and Aggregate Saving,
Carnegie-Rochester Conference Series on Public Policy, 40: 59-125.
35