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

30

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Top 6,056

in Total Papers Downloads

8,862

SSRN CITATIONS
Rank 1,145

SSRN RANKINGS

Top 1,145

in Total Papers Citations

513

CROSSREF CITATIONS

546

Scholarly Papers (30)

1.
Downloads 1,375 ( 17,346)
Citation 25

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 - House of Finance and Imperial College London
Downloads 1,370 (17,097)
Citation 20

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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 - House of Finance and Imperial College London
Downloads 5 (772,130)
Citation 7
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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 1,035 (25,926)
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 947 (29,923)
Citation 29

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

4.
Downloads 885 ( 32,905)
Citation 35

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 805 (36,908)
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: 12 Oct 2010
Harvard University - Department of Economics, London Business School, London Business School and INSEAD - Finance
Downloads 80 (373,543)

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5.
Downloads 654 ( 49,548)
Citation 1

Tactical Target Date Funds

Number of pages: 70 Posted: 16 Jul 2018 Last Revised: 14 Dec 2020
Francisco Gomes, Alexander Michaelides and Yuxin Zhang
London Business School, Imperial College Business School and affiliation not provided to SSRN
Downloads 650 (49,310)
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
Francisco Gomes, Alexander Michaelides and Yuxin Zhang
London Business School, Imperial College Business School and affiliation not provided to SSRN
Downloads 4 (780,490)
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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 495 (69,822)
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 31 (572,377)
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 509 (68,113)
Citation 13

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

8.

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 425 (84,708)
Citation 93

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9.

Exploiting Short-Run Predictability

Number of pages: 48 Posted: 22 Mar 2002
Francisco Gomes
London Business School
Downloads 388 (94,093)
Citation 8

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10.

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 300 (125,147)
Citation 21

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

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 198 (188,176)
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 96 (333,070)
Citation 27

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12.

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 287 (131,091)
Citation 5

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Retirement Savings; Household Finance; 401(k) Plans

13.

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 258 (146,273)
Citation 36

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

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 198 (188,292)
Citation 3

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15.

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 127 (272,380)

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

16.

Crowded Ratings: Clientele Effects in the Corporate Bond Market

Number of pages: 48 Posted: 28 Nov 2020
Francisco Gomes, Ryan Lewis and Jordan Nickerson
London Business School, University of Colorado, Boulder and MIT - Sloan
Downloads 100 (322,121)

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

17.
Downloads 93 (337,365)
Citation 1

Risk and Returns to Education

Number of pages: 49 Posted: 11 Nov 2012
Jeffrey R. Brown, Chichun Fang and Francisco Gomes
University of Illinois at Urbana-Champaign - Department of Finance, University of Michigan at Ann Arbor and London Business School
Downloads 75 (388,001)
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: 04 Jul 2021
Jeffrey R. Brown, Chichun Fang and Francisco Gomes
University of Illinois at Urbana-Champaign - Department of Finance, University of Michigan at Ann Arbor and London Business School
Downloads 18 (664,536)

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18.

Stock Market Participation and Portfolio Shares Over the Life-Cycle

Number of pages: 84 Posted: 22 Mar 2021 Last Revised: 23 Mar 2021
Francisco Gomes and Oksana Smirnova
London Business School and London Business School
Downloads 86 (354,157)

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

19.

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 81 (367,194)
Citation 9

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20.
Downloads 81 (367,194)
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 48 (485,493)

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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 2021
Francisco Gomes, Laurence J. Kotlikoff and Luis M. Viceira
London Business School, Boston University - Department of Economics and Harvard Business School - Finance Unit
Downloads 33 (560,749)
Citation 4

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21.
Downloads 59 (435,161)
Citation 1

The Cross-Section of Household Preferences

Swedish House of Finance Research Paper No. 21-11
Number of pages: 116 Posted: 05 May 2021 Last Revised: 23 Jun 2021
EDHEC Business School - Department of Economics & Finance, Harvard University - Department of Economics, London Business School and Stockholm School of Economics - Department of Finance
Downloads 53 (464,659)

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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: 76 Posted: 17 May 2021 Last Revised: 20 Jul 2021
EDHEC Business School - Department of Economics & Finance, Harvard University - Department of Economics, London Business School and Stockholm School of Economics - Department of Finance
Downloads 6 (763,561)
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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 - Department of Economics & Finance, Harvard University - Department of Economics, London Business School and Stockholm School of Economics - Department of Finance
Downloads 0
Citation 1
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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 2010
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 (453,329)
Citation 10

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23.

Optimal Target-Date Funds for Observed Savings Rates

Number of pages: 26 Posted: 08 Jun 2021
American Century Investments, London Business School, Imperial College Business School and Renmin University of China
Downloads 44 (498,532)

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

24.

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 22 (614,525)
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Portfolio choice, tax-deferred accounts, retirement savings, liquidity constraints, uninsurable labor income risk

25.

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 22 (614,525)
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Life-cycle asset allocation, habit formation, liquidity constraints, stock market participation costs, uninsurable labour income risk

26.

Risk and Returns to Education Over Time

CEPR Discussion Paper No. DP10416
Number of pages: 57 Posted: 17 Feb 2015
Jeffrey R. Brown, Chichun Fang and Francisco Gomes
University of Illinois at Urbana-Champaign - Department of Finance, University of Michigan at Ann Arbor and London Business School
Downloads 5 (740,945)
Citation 5
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human capital, idiosyncratic earnings risk, life-cycle models

27.

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 4 (748,550)
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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 3 (789,504)
Citation 22
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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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29.

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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30.

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 0 (794,698)
Citation 9
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cash-in-advance, household portfolio choice, self-insurance, transaction cost