The effects of pre-/post-retirement borrowing constraints on optimal consumption, investment, and retirement

DOI10.1007/s40314-023-02314-wzbMath1524.91103OpenAlexW4367671176MaRDI QIDQ6161111

Dayoon Kim, Yong Hyun Shin

Publication date: 2 June 2023

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

Full work available at URL: https://doi.org/10.1007/s40314-023-02314-w

zbMATH Keywords

consumptionportfolio selectionincomevoluntary retirementborrowing constraintsdynamic programming methods

Mathematics Subject Classification ID

Dynamic programming in optimal control and differential games (49L20) Portfolio theory (91G10)

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Cites Work

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• Utility Maximization with Discretionary Stopping
• Optimal investment, consumption and retirement decision with disutility and borrowing constraints
• DISUTILITY, OPTIMAL RETIREMENT, AND PORTFOLIO SELECTION

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