An optimal consumption, investment and voluntary retirement choice problem with disutility and subsistence consumption constraints: a dynamic programming approach
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Publication:2348495
The paper ``investigates an optimal consumption/portfolio problem of an agent with voluntary retirement and subsistence consumption constraints before retirement. The authors ``use the dynamic programming method to obtain explicit forms of the optimal consumption/portfolio and retirement time.
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Cited in
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- On retirement time decision making
- Optimal retirement planning under partial information
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- Dynamic asset allocation with consumption ratcheting post retirement
- Optimal consumption, leisure and job choice under inflationary environment
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- CARA UTILITY AND OPTIMAL RETIREMENT
- Optimal consumption and portfolio selection with early retirement option
- DISUTILITY, OPTIMAL RETIREMENT, AND PORTFOLIO SELECTION
- Comparison of optimal portfolios with and without subsistence consumption constraints
- Optimal consumption and portfolio selection for retirees with the guarantee of minimum welfare
- Portfolio-consumption choice problem with voluntary retirement and consumption constraints
- Optimal investment, heterogeneous consumption, and best time for retirement
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