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Optimal retirement choice under age-dependent force of mortality

Ferrari, Giorgio; Zhu, Shihao - 2023

This paper examines the retirement decision, optimal investment, and consumption strategies under an age …-dependent force of mortality. We formulate the optimization problem as a combined stochastic control and optimal stopping problem with … a random time horizon, featuring three state variables: wealth, labor income, and force of mortality. To address this …

Persistent link: https://www.econbiz.de/10014433470

Saving for Retirement : Optimal Decisions vs. Simple Heuristics

Martinez, Jose Vicente - 2013

Pension plan participants' characteristic lack of financial sophistication and widespread failure to monitor investments frequently prompts expressions of concern about the potentially large welfare losses such individuals could suffer. I explore this issue by studying the performance of an...

Persistent link: https://www.econbiz.de/10013073483

Retirement optimization through aircraft transfers and employment

Newcamp, Jeffrey; Verhagen, Wim J. C.; Santos, Bruno F.; … - In: Journal of air transport management 79 (2019), pp. 1-8

Persistent link: https://www.econbiz.de/10012112411

Investing for retirement : terminal wealth constraints or a desired wealth target?

Donnelly, Catherine; Khemka, Gaurav; Lim, William - In: European financial management : the journal of the … 28 (2022) 5, pp. 1283-1307

Persistent link: https://www.econbiz.de/10013415831

Heterogeneity in optimal investment and drawdown strategies in retirement

Butt, Adam; Khemka, Gaurav; Warren, Geoff - In: Pacific-Basin finance journal 74 (2022), pp. 1-20

Persistent link: https://www.econbiz.de/10013389436

Dynamic optimization for multi-goals wealth management

Das, Sanjiv R.; Ostrov, Daniel; Radhakrishnan, Anand; … - In: Journal of banking & finance 140 (2022), pp. 1-24

Persistent link: https://www.econbiz.de/10013463132

Pension funds with longevity risk : an optimal portfolio insurance approach

Di Giacinto, Marina; Mancinelli, Daniele; Marino, Mario; … - 2024

Persistent link: https://www.econbiz.de/10015357881

Optimal retirement strategy with a negative wealth constraint

Park, Seyoung; Jang, Bong-gyu - In: Operations research letters 42 (2014) 3, pp. 208-212

Persistent link: https://www.econbiz.de/10010383190

A combined stochastic programming and optimal control approach to peronal finance and pensions

Konicz, Agnieszka Karolina; Pisinger, David; Rasmussen, … - In: OR spectrum : quantitative approaches in management 37 (2015) 3, pp. 583-616

Persistent link: https://www.econbiz.de/10011296745

Duality and liquidity constraints under uncertainty

Hajivassiliou, Vassilis Argyrou - In: Journal of economic dynamics & control 20 (1996) 6, pp. 1177-1192

Persistent link: https://www.econbiz.de/10001200761