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
DOI10.1016/J.JMAA.2015.03.025zbMath1314.91198OpenAlexW1995332556MaRDI QIDQ2348495
Publication date: 12 June 2015
Published in: Journal of Mathematical Analysis and Applications (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/j.jmaa.2015.03.025
portfolio selectiondynamic programming methodvoluntary retirementCRRA utilitysubsistence consumption constraints
Applications of mathematical programming (90C90) Dynamic programming (90C39) Portfolio theory (91G10)
Related Items (5)
Consumption-portfolio choice with subsistence consumption and risk aversion change at retirement ⋮ CARA UTILITY AND OPTIMAL RETIREMENT ⋮ Optimal consumption, leisure and job choice under inflationary environment ⋮ On retirement time decision making ⋮ Optimal retirement planning under partial information
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