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Applied Economics Letters Volume 27, 2020 - Issue 16
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Research Article

The efficiency of large(r) endowments: the optimal endowment is bigger than you might think

Kurt W. Rotthoffa Stillman School of Business, Seton Hall University, South Orange, NJ, United States;b Affiliated Researcher, Center for College Readiness, Seton Hall University, South Orange, NJ, USACorrespondence[email protected]
Pages 1362-1365 | Published online: 21 Oct 2019

References

  • Ehrenberg, R. G. 2009. Demystifying Endowments [electronic Version]. New York, NY: TIAA-CREF.
  • Merton, R. C. 1971. “Optimum Consumption and Portfolio Rules in a Continuous-Time Model.” Journal of Economic Theory 3: 373–413. doi:10.1016/0022-0531(71)90038-X.
  • Tobin, J. 1974. “What Is Permanent Endowment Income?.” American Economic Review 64 (2): 427–432.

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