Consumption and portfolio selection with labor income: A discrete-time approach

DOI10.1007/S001860050096zbMATH Open0959.91027OpenAlexW2040510215MaRDI QIDQ1809497FDOQ1809497

Hyeng Keun Koo

Publication date: 2 May 2001

Published in: Mathematical Methods of Operations Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s001860050096

Recommendations

• Consumption and Portfolio Selection with Labor Income: A Continuous Time Approach
• Optimal consumption/investment policies with undiversifiable income risk and liquidity constraints
• Optimization of consumption with labor income
• Optimal Investment With Undiversifiable Income Risk
• Labor income, borrowing constraints, and equilibrium asset prices

zbMATH Keywords

nonlinear optimizationliquidity constraintsportfolio selectionconsumptionuninsurable risk

Mathematics Subject Classification ID

Nonlinear programming (90C30) Portfolio theory (91G10) Economic growth models (91B62)

Cited In (8)

• Research advances on optimal consumption and portfolio issue with labor income
• Consumption, Liquidity Constraints and Asset Accumulation in the Presence of Random Income Fluctuations
• Moving costs, nondurable consumption and portfolio choice
• Retirement saving with contribution payments and labor income as a benchmark for investments
• Labor income, borrowing constraints, and equilibrium asset prices
• Intertemporal optimal portfolio choice based on labor income within shadow costs of incomplete information and short sales
• Work effort, consumption, and portfolio selection: When the occupational choice matters
• Taylor series approximations to expected utility and optimal portfolio choice

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