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2009 International Conference on Business Intelligence and Financial Engineering
Optimal Life-Cycle Portfolio Choice for Chinese Residents with Housing
Beijing, China
July 24-July 26
ISBN: 978-0-7695-3705-4
ASCII Text
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Lingling Huang, Zhixin Liu, "Optimal Life-Cycle Portfolio Choice for Chinese Residents with Housing," 2012 Fifth International Conference on Business Intelligence and Financial Engineering, pp. 251-255, 2009 International Conference on Business Intelligence and Financial Engineering, 2009.
 
 
BibTex
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@article{ 10.1109/BIFE.2009.65,
author = {Lingling Huang and Zhixin Liu},
title = {Optimal Life-Cycle Portfolio Choice for Chinese Residents with Housing},
journal ={2012 Fifth International Conference on Business Intelligence and Financial Engineering},
volume = {0},
year = {2009},
isbn = {978-0-7695-3705-4},
pages = {251-255},
doi = {http://doi.ieeecomputersociety.org/10.1109/BIFE.2009.65},
publisher = {IEEE Computer Society},
address = {Los Alamitos, CA, USA},
}
 
 
RefWorks Procite/RefMan/Endnote
x 
 
TY - CONF
JO - 2012 Fifth International Conference on Business Intelligence and Financial Engineering
TI - Optimal Life-Cycle Portfolio Choice for Chinese Residents with Housing
SN - 978-0-7695-3705-4
SP251
EP255
A1 - Lingling Huang,
A1 - Zhixin Liu,
PY - 2009
KW - optiaml
KW - dynamic
KW - portfolio choice
KW - owning and renting
KW - housing
VL - 0
JA - 2012 Fifth International Conference on Business Intelligence and Financial Engineering
ER -
 
We develop a dynamic realistically model of a typical Chinese resident with stochastic labor income, risky owner-occupied house, housing rental market and costly adjustment in housing of Chinese real estate market, and try to analyze the optimal life-cycle portfolio choice for Chinese residents with housing factors. Our analysis indicates that home ownership crowds out stock investment of Chinese residents. Downpayment ratio and transaction cost of housing crowd out the stockholdings of young homeowners, and have significant impact on residents’ life-cycle portfolio choice.
Index Terms:
optiaml, dynamic, portfolio choice, owning and renting, housing
Citation:
Lingling Huang, Zhixin Liu, "Optimal Life-Cycle Portfolio Choice for Chinese Residents with Housing," bife, pp.251-255, 2009 International Conference on Business Intelligence and Financial Engineering, 2009
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