A generalization of Yaari's result on annuitization with optimal retirement

DOI10.1016/J.ECONLET.2015.10.010zbMath1394.91225OpenAlexW3121850890MaRDI QIDQ1667924

Seyoung Park

Publication date: 31 August 2018

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.econlet.2015.10.010

zbMATH Keywords

optionleisurecritical wealth leveloptimal annuitization

Mathematics Subject Classification ID

Stopping times; optimal stopping problems; gambling theory (60G40) Derivative securities (option pricing, hedging, etc.) (91G20)

Related Items (4)

Time-inconsistent life-cycle consumption and retirement choice with mortality risk ⋮ Annuitization and asset allocation with borrowing constraint ⋮ Verification theorems for models of optimal consumption and investment with annuitization ⋮ Optimal consumption and investment with insurer default risk

Cites Work

• Lifetime consumption and investment: retirement and constrained borrowing
• OPTIMAL PORTFOLIO, CONSUMPTION‐LEISURE AND RETIREMENT CHOICE PROBLEM WITH CES UTILITY
• DISUTILITY, OPTIMAL RETIREMENT, AND PORTFOLIO SELECTION
• Unnamed Item

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