Working Paper: CEPR ID: DP5773
Authors: Jakub W. Jurek; Luis M. Viceira
Abstract: NULL
Keywords: Growth; Investing; Intertemporal Hedging; Portfolio Choice; Risk; Value
JEL Codes: G12
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| investment horizon (G11) | allocation to growth stocks (G11) |
| investment horizon (G11) | allocation to value stocks (G11) |
| risk aversion (D81) | optimal portfolio strategy (G11) |
| desire to hedge against changes in investment opportunities (G11) | optimal dynamic portfolio strategy (G11) |
| inclusion of bonds and cash (G12) | optimal allocation strategy (G11) |
| aggressive investors (G11) | allocation to value stocks (G11) |
| aggressive investors (G11) | allocation to growth stocks (G11) |