This paper explores the problem of an agent who invests in financial assets, works and/or accumulates human capital, and retires at the end of time horizon. His/her initial endowments consist of an amount of liquid assets (maybe because of inheritance) and a number of units of human...

For several decades the New Classical School New Classical School (NCS) has mainly dictated the economic policies of the western world and has led to a dramatic increase of the GDP of these countries. However recent studies have shown that beyond a certain level of GDP the happiness of a...