An optimal consumption, investment and voluntary retirement choice problem with disutility and subsistence consumption constraints: a dynamic programming approach

DOI10.1016/J.JMAA.2015.03.025zbMath1314.91198OpenAlexW1995332556MaRDI QIDQ2348495

Yong Hyun Shin, Ho-Seok Lee

Publication date: 12 June 2015

Published in: Journal of Mathematical Analysis and Applications (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jmaa.2015.03.025

zbMATH Keywords

portfolio selectiondynamic programming methodvoluntary retirementCRRA utilitysubsistence consumption constraints

Mathematics Subject Classification ID

Applications of mathematical programming (90C90) Dynamic programming (90C39) Portfolio theory (91G10)

Related Items (5)

Consumption-portfolio choice with subsistence consumption and risk aversion change at retirement ⋮ CARA UTILITY AND OPTIMAL RETIREMENT ⋮ Optimal consumption, leisure and job choice under inflationary environment ⋮ On retirement time decision making ⋮ Optimal retirement planning under partial information

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