or long-term unemployment, may occur during working years. Personal disaster risk alters lifetime ex-ante investment … characterizes rare disasters, results in lower risk-taking at the beginning of working life, and is crucial in order to match the …

plans typically must fund spending from accumulated savings. This leads to the risk of depleting these savings, i ….e.portfolio depletion risk. We analyze the management of this risk through life cycle optimal dynamic asset allocation, including the … objective functions are tested and compared. We focus on the risk of portfolio depletion at the terminal date, using such …