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Purchasing casualty insurance to avoid lifetime ruin

Young, Virginia R. - In: Insurance / Mathematics & economics 77 (2017), pp. 133-142

Persistent link: https://www.econbiz.de/10011783935

Minimizing lifetime poverty with a penalty for bankruptcy

Cohen, Asaf; Young, Virginia R. - In: Insurance / Mathematics & economics 69 (2016), pp. 156-167

Persistent link: https://www.econbiz.de/10011530945

Minimizing the probability of lifetime drawdown under constant consumption

Angoshtari, Bahman; Bayraktar, Erhan; Young, Virginia R. - In: Insurance / Mathematics & economics 69 (2016), pp. 210-223

Persistent link: https://www.econbiz.de/10011533908

Minimizing the expected lifetime spent in drawdown under proportional consumption

Angoshtari, Bahman; Bayraktar, Erhan; Young, Virginia R. - In: Finance research letters 15 (2015), pp. 106-114

Persistent link: https://www.econbiz.de/10011552995

Maximizing expected exponential utility of consumption with a constraint on expected time in poverty

Li, Dongchen; Young, Virginia R. - In: Annals of finance 16 (2020) 1, pp. 63-99

Persistent link: https://www.econbiz.de/10012495962

Optimally investing to reach a bequest goal

Bayraktar, Erhan; Young, Virginia R. - In: Insurance / Mathematics & economics 70 (2016), pp. 1-10

Persistent link: https://www.econbiz.de/10011597071

Annuitization and asset allocation under exponential utility

Liang, Xiaoqing; Young, Virginia R. - In: Insurance / Mathematics & economics 79 (2018), pp. 167-183

Persistent link: https://www.econbiz.de/10011825434

Optimal commutable annuities to minimize the probability of lifetime ruin

Wang, Ting; Young, Virginia R. - In: Insurance: Mathematics and Economics 50 (2012) 1, pp. 200-216

We find the minimum probability of lifetime ruin of an investor who can invest in a market with a risky and a riskless asset and who can purchase a commutable life annuity. The surrender charge of a life annuity is a proportion of its value. Ruin occurs when the total of the value of the risky...

Persistent link: https://www.econbiz.de/10010688103

Maximizing the utility of consumption with commutable life annuities

Wang, Ting; Young, Virginia R. - In: Insurance: Mathematics and Economics 51 (2012) 2, pp. 352-369

The purpose of this paper is to reveal the relation between commutability of life annuities and retirees’ willingness to annuitize. To this end, we assume the existence of commutable life annuities, whose surrender charge is a proportion of their actuarial value. We model a retiree as a...

Persistent link: https://www.econbiz.de/10010594513