On November 19, Antoine Bommier, Chair of Integrative Risk Management and Economics at ETH Zurich, delivered an insightful presentation on his paper, «Recursive Preferences, the Value of Life, and Household Finance», at our I.VW Research Seminar.

In collaboration with François Le Grand, Cormac O’Dea, and Daniel Harenberg, Antoine analyses life-cycle saving using a state-of-the-art recursive utility model which is consistent with first-order stochastic dominance. Antoine highlighted important differences between the new approach and existing life-cycle models. Furthermore, he illustrated interesting implications for stock market participation and annuity purchases, offering valuable perspectives for both researchers and practitioners.

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