{"id":45359,"date":"2023-09-12T15:30:34","date_gmt":"2023-09-12T19:30:34","guid":{"rendered":"https:\/\/carleton.ca\/economics\/?p=45359"},"modified":"2025-06-12T13:09:47","modified_gmt":"2025-06-12T17:09:47","slug":"professor-minjoon-lee-has-a-paper-accepted-for-publication-in-the-journal-of-empirical-finance","status":"publish","type":"post","link":"https:\/\/carleton.ca\/economics\/2023\/professor-minjoon-lee-has-a-paper-accepted-for-publication-in-the-journal-of-empirical-finance\/","title":{"rendered":"Professor Minjoon Lee Has a Paper Accepted for Publication in the Journal of Empirical Finance"},"content":{"rendered":"\n<section class=\"w-screen px-6 cu-section cu-section--white ml-offset-center md:px-8 lg:px-14\">\n    <div class=\"space-y-6 cu-max-w-child-5xl  md:space-y-10 cu-prose-first-last\">\n\n            <div class=\"cu-textmedia flex flex-col lg:flex-row mx-auto gap-6 md:gap-10 my-6 md:my-12 first:mt-0 max-w-5xl\">\n        <div class=\"justify-start cu-textmedia-content cu-prose-first-last\" style=\"flex: 0 0 100%;\">\n            <header class=\"font-light prose-xl cu-pageheader md:prose-2xl cu-component-updated cu-prose-first-last\">\n                                    <h1 class=\"cu-prose-first-last font-semibold !mt-2 mb-4 md:mb-6 relative after:absolute after:h-px after:bottom-0 after:bg-cu-red after:left-px text-3xl md:text-4xl lg:text-5xl lg:leading-[3.5rem] pb-5 after:w-10 text-cu-black-700 not-prose\">\n                        Professor Minjoon Lee Has a Paper Accepted for Publication in the Journal of Empirical Finance\n                    <\/h1>\n                \n                                \n                            <\/header>\n\n                    <\/div>\n\n            <\/div>\n\n    <\/div>\n<\/section>\n\n\n\n<p><a href=\"https:\/\/carleton.ca\/economics\/people\/lee-minjoon\/\">Associate Professor Minjoon Lee<\/a> has had his paper titled <a href=\"https:\/\/www.sciencedirect.com\/science\/article\/pii\/S0927539823000865\">&#8220;Portfolio Allocation over the Life Cycle with Multiple Late-in-Life Saving Motives&#8221;<\/a> accepted for publication in the <em>Journal of Empirical Finance<\/em> &#8211; a leading journal publishing empirical work in financial economics and financial econometrics. Congratulations to Professor Lee on this acknowledgement of his strong research!<\/p>\n\n\n\n<p class=\"section-title u-h4 u-margin-l-top u-margin-xs-bottom\">Abstract:<\/p>\n\n\n\n<p>Older households face health-related risks, including risks related to long-term care and mortality. The effect of these risks on household financial portfolio choices depends on household preferences for long-term care and bequests. Using linked survey-administrative data on clients of a mutual fund company, this paper finds that the desire to have enough resources for long-term care and bequests is overall strong but also heterogeneous across households. The estimated relationship between the actual stock share of households and the strength of these preferences is qualitatively similar but quantitatively weaker compared to predictions from the life-cycle model with estimated preference heterogeneity. Based on the predictions from the model, this paper discusses directions to improve financial advice and instruments to better meet household needs<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Associate Professor Minjoon Lee has had his paper titled &#8220;Portfolio Allocation over the Life Cycle with Multiple Late-in-Life Saving Motives&#8221; accepted for publication in the Journal of Empirical Finance &#8211; a leading journal publishing empirical work in financial economics and financial econometrics. Congratulations to Professor Lee on this acknowledgement of his strong research! Abstract: Older [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":36892,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-45359","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":{"cu_post_thumbnail":""},"_links":{"self":[{"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/posts\/45359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/comments?post=45359"}],"version-history":[{"count":2,"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/posts\/45359\/revisions"}],"predecessor-version":[{"id":50121,"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/posts\/45359\/revisions\/50121"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/media\/36892"}],"wp:attachment":[{"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/media?parent=45359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/categories?post=45359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carleton.ca\/economics\/wp-json\/wp\/v2\/tags?post=45359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}