Labor income, borrowing constraints, and equilibrium asset prices

From MaRDI portal
Publication:1341465

DOI10.1007/BF01210265zbMath0820.90028OpenAlexW2055251482MaRDI QIDQ1341465

Hua He, Henri F. Pagès

Publication date: 14 September 1995

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/bf01210265




Related Items (45)

Optimal finite horizon contract with limited commitmentOn Hermite-Hadamard type inequalities for \(n \)-polynomial convex stochastic processesStochastic optimization under constraints.Optimal long-term contracts with disability insurance under limited commitmentViable prices in financial markets with solvency constraintsDuality and liquidity constraints under uncertaintyOptimal life insurance with no-borrowing constraints: duality approach and exampleOptimal consumption choices for a `large' investorOptimal consumption and portfolio choice with borrowing constraintsUnnamed ItemHedging in incomplete markets with HARA utilityA dynamic programming approach to a consumption/investment and retirement choice problem under borrowing constraintsEQUILIBRIUM WITH EXCESSIVE HOLDINGS CONSTRAINT: AN APPLICATION TO DC PENSION PLANSDuality for optimal consumption with randomly terminating incomeBorrowing constraints, effective flexibility in labor supply, and portfolio selectionPortfolio choice with illiquid asset for a loss-averse pension fund investorOptimal investment and consumption with labor income in incomplete marketsHealth insurance, portfolio choice, and retirement incentivesFinite horizon portfolio selection with a negative wealth constraintOptimal consumption and investment with welfare constraintsA duality approach to continuous-time contracting problems with limited commitmentOptimal investment and consumption when allowing terminal debtBankruptcy and retirement: a comparison in an optimal stopping times ordered frameworkOptimal investment, stochastic labor income and retirementOptimal consumption with time-inconsistent preferencesOptimal job switching and retirement decisionMaximizing the utility of consumption with commutable life annuitiesExistence of optimal consumption and portfolio rules with portfolio constraints and stochastic income, durability and habit formation.Constrained Dynamic Optimality and Binomial Terminal WealthNear-optimal asset allocation in financial markets with trading constraintsDynamic asset pricing with non-redundant forwardsA geometric approach to multiperiod mean variance optimization of assets and liabilitiesOptimal investment, consumption and retirement decision with disutility and borrowing constraintsLifetime consumption and investment: retirement and constrained borrowingHousehold utility maximization with life insurance: a CES utility caseVALUATION OF CLAIMS ON NONTRADED ASSETS USING UTILITY MAXIMIZATIONExpected utility maximization problem under state constraints and model uncertaintyFinite horizon portfolio selection problems with stochastic borrowing constraintsOptimal lifetime consumption and investment under a drawdown constraintOPTIMALITY AND STATE PRICING IN CONSTRAINED FINANCIAL MARKETS WITH RECURSIVE UTILITY UNDER CONTINUOUS AND DISCONTINUOUS INFORMATIONOptimal consumption/investment and retirement with necessities and luxuriesThe impact of a partial borrowing limit on financial decisionsOptimal consumption/investment policies with undiversifiable income risk and liquidity constraintsOptimal investment, consumption and timing of annuity purchase under a preference changeAn incentive problem in the dynamic theory of banking.



Cites Work


This page was built for publication: Labor income, borrowing constraints, and equilibrium asset prices