Wharton Pension Research Council Working Papers

Document Type

Working Paper

Date of this Version



Defined Contribution Plans


Optimal Portfolio Choice, Life-Cycle Asset Allocation

JEL Code

E21 G11 G23

Working Paper Number


Copyright/Permission Statement

© 2008 Pension Research Council of the Wharton School of the University of Pennsylvania. All rights reserved.


This research was conducted with support from the German Research Foundation (DFG) and the German Investment and Asset Management Association (BVI). Opinions and errors are solely those of the author and not of the institutions with whom the authors are affiliated. © 2007 R.H. Maurer, C. Schlag, and M.Z. Stamos. All Rights Reserved. All findings, interpretations, and conclusions of this paper represent the views of the author(s) and not those of the Wharton School or the Pension Research Council.

Included in

Economics Commons



Date Posted: 09 August 2019