@inproceedings{978ead8cf8ca45b997a829b0e2460ade,
title = "Optimal life-cycle portfolio choice for chinese residents with housing",
abstract = "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.",
keywords = "Dynamic, Housing, Optiaml, Owning and renting, Portfolio choice",
author = "Huang Lingling and Liu Zhixin",
year = "2009",
doi = "10.1109/BIFE.2009.65",
language = "英语",
isbn = "9780769537054",
series = "2009 International Conference on Business Intelligence and Financial Engineering, BIFE 2009",
pages = "251--255",
booktitle = "2009 International Conference on Business Intelligence and Financial Engineering, BIFE 2009",
note = "2009 International Conference on Business Intelligence and Financial Engineering, BIFE 2009 ; Conference date: 24-07-2009 Through 26-07-2009",
}