Similar Search Results

Lifetime consumption and investment : retirement and constrained borrowing

Dybvig, Philip H.; Liu, Hong - In: Journal of economic theory 145 (2010) 3, pp. 885-907

Persistent link: https://www.econbiz.de/10008697137

Lifetime Consumption and Investment : Retirement and Constrained Borrowing

Liu, Hong - 2010

Retirement flexibility and inability to borrow against future labor income can significantly affect optimal consumption and investment. With voluntary retirement, there exists an optimal wealth-towage ratio threshold for retirement and human capital correlates negatively with the stock market...

Persistent link: https://www.econbiz.de/10012762526

Verification theorems for models of optimal consumption and investment with retirement and constrained borrowing

Dybvig, Philip H.; Liu, Hong - In: Mathematics of operations research 36 (2011) 4, pp. 620-635

Persistent link: https://www.econbiz.de/10009405903

Verification Theorems for Models of Optimal Consumption and Investment with Retirement and Constrained Borrowing

Dybvig, Philip H.; Liu, Hong - In: Mathematics of operations research 36 (2011) 4, pp. 620-636

Persistent link: https://www.econbiz.de/10009799521

Lifetime consumption and investment: Retirement and constrained borrowing

Dybvig, Philip H.; Liu, Hong - In: Journal of Economic Theory 145 (2010) 3, pp. 885-907

Retirement flexibility and inability to borrow against future labor income can significantly affect optimal consumption and investment. With voluntary retirement, there exists an optimal wealth-to-wage ratio threshold for retirement and human capital correlates negatively with the stock market...

Persistent link: https://www.econbiz.de/10008507118