Dynamic Spending Internal Soft Habit
In consumption-habit ratio models, optimal behavior involves extensive consumption-smoothing and risk-taking, with withdrawal rates usually lower than portfolio returns.
Featured in No. 90 on 26 Mar 2025 · 27 days after release
- Released
- 27 Feb 2025
- First featured
- No. 90 · 26 Mar 2025
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- Identifier
- SSRN 5194260
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