Reversible job-switching opportunities and portfolio selection

DOI10.1007/s00245-016-9371-3zbMath1390.91287OpenAlexW2475748425MaRDI QIDQ1754658

Gyoocheol Shim, Jung Lim Koo, Yong Hyun Shin

Publication date: 31 May 2018

Published in: Applied Mathematics and Optimization (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00245-016-9371-3

zbMATH Keywords

consumptionportfolio selectionlabor incomedisutilityreversible job-switching

Mathematics Subject Classification ID

Optimal stochastic control (93E20) Applications of stochastic analysis (to PDEs, etc.) (60H30) Portfolio theory (91G10)

Related Items (6)

Portfolio selection and job switching with CARA utility ⋮ The effects of pre-/post-retirement borrowing constraints on optimal consumption, investment, and retirement ⋮ Optimal consumption-portfolio strategy and housing choice problem with a loan-to-value ratio ⋮ Optimal job switching and retirement decision ⋮ Stochastic optimal switching model for migrating population dynamics ⋮ Optimal Retirement Under Partial Information

Cites Work

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• Optimum consumption and portfolio rules in a continuous-time model
• Lifetime consumption and investment: retirement and constrained borrowing
• Continuous-time stochastic control and optimization with financial applications
• An optimal job, consumption/leisure, and investment policy
• Finite horizon stochastic optimal switching and impulse controls with a viscosity solution approach
• DISUTILITY, OPTIMAL RETIREMENT, AND PORTFOLIO SELECTION

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