Optimal retirement time under habit persistence: what makes individuals retire early?

DOI10.1080/03461238.2017.1339634zbMath1396.91681OpenAlexW2671979203MaRDI QIDQ4585945

Xian Xu, An Chen, Felix Hentschel

Publication date: 11 September 2018

Published in: Scandinavian Actuarial Journal (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1080/03461238.2017.1339634

zbMATH Keywords

leisurehabit formationoptimal consumption and investmentoptimal retirement

Mathematics Subject Classification ID

Portfolio theory (91G10)

Related Items (8)

Optimal life-cycle consumption and investment decisions under age-dependent risk preferences ⋮ Time-inconsistent life-cycle consumption and retirement choice with mortality risk ⋮ Optimal asset allocation, consumption and retirement time with the variation in habitual persistence ⋮ Optimal annuitization and asset allocation under linear habit formation ⋮ Optimal DB-PAYGO pension management towards a habitual contribution rate ⋮ On retirement time decision making ⋮ Life-Cycle Planning with Ambiguous Economics and Mortality Risks ⋮ Optimal contribution rate of PAYGO pension

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