Francisco Gomes

London Business School

Finance Department

Sussex Place - Regent's Park

London NW1 4SA

United Kingdom

http://sites.google.com/view/francisco-gomes/home

SCHOLARLY PAPERS

33

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11,278

SSRN CITATIONS
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Top 1,120

in Total Papers Citations

514

CROSSREF CITATIONS

548

Scholarly Papers (33)

1.
Downloads 2,553 ( 8,044)
Citation 23

Household Finance

Journal of Economic Literature, Forthcoming
Number of pages: 141 Posted: 16 Apr 2020
Francisco Gomes, Michael Haliassos and Tarun Ramadorai
London Business School, Goethe University Frankfurt - Faculty of Economics and Business Administration and Imperial College London
Downloads 2,547 (7,936)
Citation 18

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household finance, asset allocation, lifecycle, retirement savings, mortgages, unsecured credit, peer effects, financial literacy, financial advice

Household Finance

CEPR Discussion Paper No. DP14502
Number of pages: 144 Posted: 25 Mar 2020 Last Revised: 06 May 2020
Francisco Gomes, Michael Haliassos and Tarun Ramadorai
London Business School, Goethe University Frankfurt - Faculty of Economics and Business Administration and Imperial College London
Downloads 6 (909,955)
Citation 8
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household finance

Stock Market Mean Reversion and the Optimal Equity Allocation of a Long-Lived Investor

Harvard Institute of Economic Research Paper No. 1899
Number of pages: 28 Posted: 01 Aug 2000
Harvard University - Department of Economics, London Business School, London Business School, INSEAD - Finance and Harvard Business School - Finance Unit
Downloads 1,060 (30,659)
Citation 11

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Hedging Demand, Intertemporal Portfolio Choice, And Mean Reversion

Stock Market Mean Reversion and the Optimal Equity Allocation of a Long-Lived Investor

Harvard Institute of Economic Research Paper No. 1899
Posted: 10 Apr 2002
Harvard University - Department of Economics, London Business School, London Business School, INSEAD - Finance and Harvard Business School - Finance Unit

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3.

Portfolio Choice and Trading Volume with Loss Averse Investors

Number of pages: 43 Posted: 15 Dec 2000
Francisco Gomes
London Business School
Downloads 972 (35,167)
Citation 28

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Loss Aversion, First-Order Risk Aversion, Portfolio Insurance, Portfolio Choice, Stock Market Participation, Trading Volume

4.
Downloads 933 ( 37,261)
Citation 36

Investing Retirement Wealth: A Life-Cycle Model

Harvard Institute of Economic Research Paper No. 1896
Number of pages: 50 Posted: 15 Aug 2000
Harvard University - Department of Economics, London Business School, London Business School and INSEAD - Finance
Downloads 839 (42,503)
Citation 36

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Investing Retirement Wealth: a Life-Cycle Model

NBER Working Paper No. w7029
Number of pages: 49 Posted: 20 Apr 1999 Last Revised: 17 Sep 2022
Harvard University - Department of Economics, London Business School, London Business School and INSEAD - Finance
Downloads 94 (398,100)

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5.
Downloads 758 ( 49,477)
Citation 1

Tactical Target Date Funds

Number of pages: 70 Posted: 16 Jul 2018 Last Revised: 14 Dec 2020
London Business School, Imperial College Business School and Renmin University of ChinaRenmin University of China
Downloads 753 (49,231)
Citation 2

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target date funds, life cycle portfolio choice, retirement savings, variance risk premium, strategic asset allocation, tactical asset allocation, market timing

Tactical Target Date Funds

CEPR Discussion Paper No. DP13019
Number of pages: 46 Posted: 03 Jul 2018
London Business School, Imperial College Business School and Renmin University of ChinaRenmin University of China
Downloads 5 (922,314)
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life cycle portfolio choice, market timing., retirement savings, strategic asset allocation, tactical asset allocation, Target date funds, variance risk premium

Optimal Life-Cycle Asset Allocation: Understanding the Empirical Evidence

Number of pages: 50 Posted: 26 May 2003
Francisco Gomes and Alexander Michaelides
London Business School and Imperial College Business School
Downloads 550 (73,804)
Citation 6

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Life-Cycle Models, Portfolio Choice, Preference Heterogeneity, Liquidity Constraints, Stock Market Participation, Uninsurable Labor Income Risk

Optimal Life-Cycle Asset Allocation: Understanding the Empirical Evidence

Number of pages: 65 Posted: 11 May 2005
Francisco Gomes and Alexander Michaelides
London Business School and Imperial College Business School
Downloads 32 (665,012)
Citation 53
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Life-cycle models, portfolio choice, preference heterogeneity, liquidity constraints, stock market participation, uninsurable labor income risk

7.

Life-Cycle Asset Allocation: A Model with Borrowing Constraints, Uninsurable Labor Income Risk and Stock-Market Participation Costs

Number of pages: 46 Posted: 08 Feb 2002
Francisco Gomes and Alexander Michaelides
London Business School and Imperial College Business School
Downloads 549 (74,823)
Citation 13

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Life-Cycle Asset Allocation, Liquidity Constraints, Stock Market Participation Costs, Uninsurable Labor Income Risk

8.

Retirement Savings Adequacy in U.S. Defined Contribution Plans

Number of pages: 89 Posted: 19 Dec 2018 Last Revised: 06 Feb 2020
Francisco Gomes, Kenton Hoyem, Wei-Yin Hu and Enrichetta Ravina
London Business School, Financial Engines, Inc., Financial Engines, Inc. and Federal Reserve Bank of Chicago
Downloads 440 (97,686)
Citation 5

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Retirement Savings; Household Finance; 401(k) Plans

9.

Lending Relationships in the Interbank Market

Number of pages: 38 Posted: 04 Feb 2005
Joao F. Cocco, Francisco Gomes and Nuno C. Martins
London Business School, London Business School and Bank of Portugal
Downloads 440 (97,686)
Citation 93

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10.

Exploiting Short-Run Predictability

Number of pages: 48 Posted: 22 Mar 2002
Francisco Gomes
London Business School
Downloads 394 (111,354)
Citation 8

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Longevity Risk, Retirement Savings and Financial Innovation

Number of pages: 62 Posted: 13 May 2011
Joao F. Cocco and Francisco Gomes
London Business School and London Business School
Downloads 214 (207,716)
Citation 3

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Longevity Risk, Retirement Savings, and Financial Innovation

Netspar Discussion Paper No. 03/2011-061
Number of pages: 76 Posted: 18 Jul 2011
Joao F. Cocco and Francisco Gomes
London Business School and London Business School
Downloads 106 (367,604)
Citation 27

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12.

Optimal Savings with Taxable and Tax-Deferred Accounts

Number of pages: 49 Posted: 14 Sep 2004
Board of Governors of the Federal Reserve System, London Business School and Imperial College Business School
Downloads 309 (144,686)
Citation 21

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Portfolio Choice, Tax-Deferred Accounts, Retirement Savings, Liquidity Constraints, Uninsurable Labor Income Risk

13.

Do Robots Increase Wealth Dispersion?

Number of pages: 91 Posted: 22 Aug 2018 Last Revised: 06 Feb 2022
Francisco Gomes, Thomas Jansson and Yigitcan Karabulut
London Business School, Sveriges Riksbank - Research Division and Frankfurt School of Finance & Management
Downloads 295 (151,862)
Citation 1

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Portfolio choice, household wealth accumulation, robots, automation, labor income uncertainty.

14.

Evidence on Expectations of Household Finances

Number of pages: 65 Posted: 30 Apr 2019 Last Revised: 20 Feb 2020
Joao F. Cocco, Francisco Gomes and Paula Lopes
London Business School, London Business School and Financial Markets Group, LSE
Downloads 276 (162,543)
Citation 2

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15.

Portfolio Choice with Internal Habit Formation: A Life-Cycle Model with Uninsurable Labor Income Risk

Number of pages: 52 Posted: 01 Feb 2002
Francisco Gomes and Alexander Michaelides
London Business School and Imperial College Business School
Downloads 273 (164,399)
Citation 36

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Life-Cycle Asset Allocation, Habit Formation, Liquidity Constraints, Stock Market Participation Costs, Uninsurable Labor Income Risk

16.

Crowded Ratings: Clientele Effects in the Corporate Bond Market

Number of pages: 61 Posted: 28 Nov 2020 Last Revised: 01 Sep 2021
Francisco Gomes, Ryan Lewis and Jordan Nickerson
London Business School, University of Colorado, Boulder and University of Washington - Department of Finance and Business Economics
Downloads 246 (182,223)

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credit ratings, clientele effects, corporate bond pricing, market segmentation

17.

Stock Market Participation and Portfolio Shares Over the Life-Cycle

Number of pages: 99 Posted: 22 Mar 2021 Last Revised: 19 Sep 2022
Francisco Gomes and Oksana Smirnova
London Business School and London Business School
Downloads 241 (186,666)

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Life-cycle asset allocation, stock market participation, life-cycle models, human capital

18.

Aggregate Implications of Defined Benefit and Defined Contribution Systems

Boston College Center for Retirement Research Working Paper No. 2003-16
Number of pages: 51 Posted: 10 Jun 2004
Francisco Gomes and Alexander Michaelides
London Business School and Imperial College Business School
Downloads 137 (303,682)

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General Equilibrium, Liquidity Constraints, Heterogeneous Agents, Undiversifiable Labor Income, Defined Benefit Systems, Defined Contribution Systems

19.
Downloads 108 (362,949)
Citation 3

Risk and Returns to Education

Number of pages: 49 Posted: 11 Nov 2012
University of Illinois at Urbana-Champaign - Department of Finance, University of Michigan at Ann ArborUniversity of Michigan at Ann Arbor - Survey Research Center and London Business School
Downloads 85 (427,368)
Citation 1

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Human Capital, Returns to Education

Risk and Returns to Education

NBER Working Paper No. w18300
Number of pages: 49 Posted: 18 Aug 2012 Last Revised: 02 Jan 2022
University of Illinois at Urbana-Champaign - Department of Finance, University of Michigan at Ann ArborUniversity of Michigan at Ann Arbor - Survey Research Center and London Business School
Downloads 23 (735,827)

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20.
Downloads 89 (408,575)
Citation 12

The Excess Burden of Government Indecision

Michigan Retirement Research Center Research Paper No. WP 2006-123
Number of pages: 42 Posted: 19 Feb 2008
Francisco Gomes, Laurence J. Kotlikoff and Luis M. Viceira
London Business School, Boston University - Department of Economics and Harvard Business School - Finance Unit
Downloads 54 (541,092)

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The Excess Burden of Government Indecision

NBER Working Paper No. w12859
Number of pages: 44 Posted: 26 Jan 2007 Last Revised: 20 Feb 2022
Francisco Gomes, Laurence J. Kotlikoff and Luis M. Viceira
London Business School, Boston University - Department of Economics and Harvard Business School - Finance Unit
Downloads 35 (644,938)
Citation 4

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21.

Quantifying the Distortionary Fiscal Cost of ‘The Bailout’

Number of pages: 47 Posted: 03 Jun 2010 Last Revised: 06 Oct 2010
London Business School, Imperial College Business School and Board of Governors of the Federal Reserve System
Downloads 88 (414,243)
Citation 9

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22.

Optimal Life-Cycle Investing with Flexible Labor Supply: A Welfare Analysis of Life-Cycle Funds

NBER Working Paper No. w13966
Number of pages: 21 Posted: 23 Apr 2008 Last Revised: 31 Aug 2022
Francisco Gomes, Laurence J. Kotlikoff and Luis M. Viceira
London Business School, Boston University - Department of Economics and Harvard Business School - Finance Unit
Downloads 66 (483,256)
Citation 9

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23.

Borrow Now, Pay Even Later: A Quantitative Analysis of Student Debt Payment Plans

Number of pages: 47 Posted: 19 Oct 2022 Last Revised: 17 Nov 2022
Michael Boutros, Nuno Clara, Nuno Clara and Francisco Gomes
Government of Canada - Bank of Canada, London Business SchoolDuke University - Finance and London Business School
Downloads 52 (545,527)

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Student debt, household finance

24.
Downloads 29 (668,450)
Citation 1

The Cross-Section of Household Preferences

Number of pages: 79 Posted: 09 Nov 2022
EDHEC Business School, Harvard University - Department of Economics, London Business School and Stockholm School of Economics - Department of Finance
Downloads 19 (771,488)

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Life-cycle model, elasticity of intertemporal substitution, risk aversion, time preference rate, Epstein-Zin preferences, indirect inference.

The Cross-Section of Household Preferences

NBER Working Paper No. w28788
Number of pages: 42 Posted: 17 May 2021 Last Revised: 06 Nov 2022
EDHEC Business School, Harvard University - Department of Economics, London Business School and Stockholm School of Economics - Department of Finance
Downloads 9 (874,649)

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The Cross-Section of Household Preferences

CEPR Discussion Paper No. DP16105
Number of pages: 120 Posted: 14 May 2021
EDHEC Business School, Harvard University - Department of Economics, London Business School and Stockholm School of Economics - Department of Finance
Downloads 1 (980,891)
Citation 1
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25.

Wealth Accumulation and Portfolio Choice with Taxable and Tax-Deferred Accounts

Number of pages: 56 Posted: 11 May 2005
Imperial College Business School, London Business School and Board of Governors of the Federal Reserve System
Downloads 23 (713,492)
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Portfolio choice, tax-deferred accounts, retirement savings, liquidity constraints, uninsurable labor income risk

26.

Portfolio Choice with Internal Habit Formation: A Life-Cycle Model with Uninsurable Labour Income Risk

Number of pages: 54 Posted: 05 Jun 2003
Francisco Gomes and Alexander Michaelides
London Business School and Imperial College Business School
Downloads 23 (713,492)
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Life-cycle asset allocation, habit formation, liquidity constraints, stock market participation costs, uninsurable labour income risk

27.

Reaching for Yield: Evidence from Households

Number of pages: 59 Posted: 05 Dec 2022
Francisco Gomes, Cameron Peng, Oksana Smirnova and Ning Zhu
London Business School, London School of Economics & Political Science (LSE) - Department of Finance, London Business School and Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)
Downloads 6

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Household Finance, Retail Investors, Reaching for Yield

28.

Risk and Returns to Education Over Time

CEPR Discussion Paper No. DP10416
Number of pages: 57 Posted: 17 Feb 2015
University of Illinois at Urbana-Champaign - Department of Finance, University of Michigan at Ann ArborUniversity of Michigan at Ann Arbor - Survey Research Center and London Business School
Downloads 6 (875,408)
Citation 5
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human capital, idiosyncratic earnings risk, life-cycle models

29.

Quantifying the Distortionary Fiscal Cost of 'The Bailout'

CEPR Discussion Paper No. DP7941
Number of pages: 45 Posted: 28 Jul 2010
London Business School, Imperial College Business School and Board of Governors of the Federal Reserve System
Downloads 5 (886,797)
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Bailout, Fiscal Policy, Government Debt, Incomplete Financial Markets., Tax Distortions

Asset Pricing with Limited Risk Sharing and Heterogeneous Agents

CEPR Discussion Paper No. DP6136
Number of pages: 53 Posted: 19 May 2008
Francisco Gomes and Alexander Michaelides
London Business School and Imperial College Business School
Downloads 4 (935,515)
Citation 21
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Equity premium, incomplete risk sharing, life-cycle models, limited stock market participation, preference heterogeneity

Asset Pricing with Limited Risk Sharing and Heterogeneous Agents

The Review of Financial Studies, Vol. 21, Issue 1, pp. 415-448, 2008
Posted: 26 Jun 2008
Francisco Gomes and Alexander Michaelides
London Business School and Imperial College Business School

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31.

Life-Cycle Portfolio Choice with Liquid and Illiquid Assets

CEPR Discussion Paper No. DP10369
Number of pages: 78 Posted: 02 Feb 2015
Claudio Campanale, Carolina Fugazza and Francisco Gomes
Universidad de Alicante - Faculty of Economic and Business Sciences, University of Torino -Department of Economics ESOMAS and London Business School
Downloads 1 (938,603)
Citation 9
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cash-in-advance, household portfolio choice, self-insurance, transaction cost

32.

On Optimal Allocations of Target-Date Funds

Journal of Retirement (forthcoming)
Posted: 08 Jun 2021 Last Revised: 25 Apr 2022
American Century Investments, London Business School, Imperial College Business School and Renmin University of China

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Target Date Funds, Life cycle investing, Saving for retirement, Glide path

33.

Portfolio Choice Over the Life Cycle: A Survey

Annual Review of Financial Economics, Vol. 12, pp. 277-304, 2020
Posted: 10 Dec 2020
Francisco Gomes
London Business School

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