The impact of a partial borrowing limit on financial decisions

DOI10.1080/14697688.2018.1526395MaRDI QIDQ5234342zbMATH OpenOpenAlexWikidataFDO

Authors Byung Hwa Lim, Minsuk Kwak

Publication date 26 September 2019

Published in Quantitative Finance (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1080/14697688.2018.1526395

zbMATH Keywords

consumption and investmentduality approachlife insurancepartial borrowing limitvoluntary retirement

Mathematics Subject Classification ID

Recommendations

• Optimal investment, consumption and retirement decision with disutility and borrowing constraints
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• Optimal life insurance with no-borrowing constraints: duality approach and example

Cites work

• Consumption and Portfolio Selection with Labor Income: A Continuous Time Approach
• DISUTILITY, OPTIMAL RETIREMENT, AND PORTFOLIO SELECTION
• Hedging in incomplete markets with HARA utility
• scientific article; zbMATH DE number 4078444 (Why is no real title available?)
• Labor income, borrowing constraints, and equilibrium asset prices
• Lifetime consumption and investment: retirement and constrained borrowing
• Optimal investment, consumption and retirement decision with disutility and borrowing constraints
• Optimal life insurance with no-borrowing constraints: duality approach and example
• OPTIMAL PORTFOLIO, CONSUMPTION‐LEISURE AND RETIREMENT CHOICE PROBLEM WITH CES UTILITY
• Optimal retirement strategy with a negative wealth constraint
• Optimization of consumption with labor income
• Utility Maximization with Discretionary Stopping
• Verification theorems for models of optimal consumption and investment with retirement and constrained borrowing

Cited in

(5)

• Household utility maximization with life insurance: a CES utility case
• The impact of a limited budget on the corrective action taking process
• Optimal retirement and portfolio selection with consumption ratcheting
• Human capital and portfolio choice: borrowing constraint and reversible retirement
• A two-person zero-sum game approach for a retirement decision with borrowing constraints

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