Lifecycle personal finance research

Thomas Idzorek and Paul D. Kaplan

Chapter 12 in Research Handbook on Personal Finance, 2026, pp 203-224 from Edward Elgar Publishing

Abstract: Lifecycle finance is the specialty in financial economics that focuses on the financial issues individuals face throughout their lifetimes. It draws heavily from economics and is thus part of the discipline known as financial economics. The lifecycle hypothesis began as a positive descriptive model of how investors are predicted to behave rather than a normative, prescriptive model of how investors should behave. This chapter highlights the research around the lifecycle hypothesis and related personal finance research with an emphasis on normative applications.

Keywords: Lifecycle finance; Lifecycle hypothesis; Financial planning; Lifetime advice; Economic balance sheet optimization; Descriptive (search for similar items in EconPapers)
Date: 2026
ISBN: 9781035323005
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/doi/10.4337/9781035323012.00019 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:22866_12

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Jack Sweeney ().