Essays on habit formation and inflation hedging

This PhD Thesis consists of four essays:

Habit Formation: Implications for Investors
Guarantees and Habit Formation in Pension Schemes: A Critical Analysis of the Floor-Leverage Rule
Portfolio and Consumption Choice with Habit Formation under Inflation
Portfolio Choice over the Life-Cycle in the Presence of Cointegration between Labor Income and Inflation

Netspar, Network for Studies on Pensions, Aging and Retirement, is een denktank en kennisnetwerk. Netspar is gericht op een goed geïnformeerd pensioendebat.

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