Optimal retirement savings over the life cycle: a deterministic analysis in closed form

DOI10.1016/J.INSMATHECO.2023.05.010MaRDI QIDQ6072265zbMATH OpenFDO

Authors Marcel Fischer, Bjarne Astrup Jensen, M. Koch

Publication date 12 October 2023

Published in Insurance Mathematics \& Economics (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

zbMATH Keywords

analytical solutionborrowing constraintslabor incomeretirement savingtax-deferred investing

Mathematics Subject Classification ID

Actuarial mathematics (91G05)

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Cites work

• Age-dependent investing: optimal funding and investment strategies in defined contribution pension plans when members are rational life cycle financial planners
• Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis
• Consumption Over the Life Cycle
• Household Portfolio Choices in Taxable and Tax-Deferred Accounts: Another Puzzle? *
• Junior Can't Borrow: A New Perspective on the Equity Premium Puzzle
• Longevity risk and retirement income tax efficiency: a location spending rate puzzle
• Optimal Investment and Consumption Strategies Under Risk for a Class of Utility Functions
• Optimal consumption/investment policies with undiversifiable income risk and liquidity constraints
• Optimal retirement consumption with a stochastic force of mortality
• Optimum consumption and portfolio rules in a continuous-time model
• Taxable and tax-deferred investing with the limited use of losses

Cited in

(3)

• Optimal portfolio choice of couples with tax-deferred accounts and survival-contingent products
• Optimal Asset Allocation for Retirement Saving: Deterministic Vs. Time Consistent Adaptive Strategies
• IMPLEMENTING INDIVIDUAL SAVINGS DECISIONS FOR RETIREMENT WITH BOUNDS ON WEALTH

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