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Optimal Retirement Planning Under Partial Information
Bäuerle, Nicole - 2019
The present paper analyses an optimal consumption and investment problem of a retiree with a constant relative risk aversion (CRRA) who faces parameter uncertainty about the financial market.We solve the optimization problem under partial information by making the market observationally complete...
Persistent link: https://www.econbiz.de/10012898863
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Default Enrolment and Optimal Allocation in Retirement Portfolios
Thomaidou, Dr. Fotini - 2015
The paper presents a model of retirement plan enrollment, under the presence of a default asset portfolio, in which …), but instead of the savings rate, the agent optimally chooses his asset portfolio for retirement, according to his risk …
Persistent link: https://www.econbiz.de/10013036340
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Optimal Portfolio Choice in Retirement with Participating Life Annuities
Rogalla, Ralph - 2014
This paper derives optimal consumption, investment, and annuitization patterns for retired households that have access to German-style participating payout life annuities (PLAs), allowing for capital market risks as well as idiosyncratic and systematic longevity risks. PLAs provide guaranteed...
Persistent link: https://www.econbiz.de/10013044215
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Optimal Portfolio Choice in Retirement with Participating Life Annuities
Rogalla, Ralph - 2014
This paper derives optimal consumption, investment, and annuitization patterns for retired households that have access to German-style participating payout life annuities (PLAs), allowing for capital market risks as well as idiosyncratic and systematic longevity risks. PLAs provide guaranteed...
Persistent link: https://www.econbiz.de/10013047544
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Comment on "aging population, retirement, and risk taking"
Levy, Moshe - In: Management science : journal of the Institute for … 66 (2020) 6, pp. 2787-2791
Persistent link: https://www.econbiz.de/10012254485
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Comment on "aging population, retirement, and risk taking"
Huang, Rachel J.; Tzeng, Larry Y.; Wang, Jr-Yan; Zhao, Lin - In: Management science : journal of the Institute for … 66 (2020) 6, pp. 2792-2795
Persistent link: https://www.econbiz.de/10012254488
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Aging population, retirement, and risk taking : reply
Levy, Haim - In: Management science : journal of the Institute for … 66 (2020) 6, pp. 2796-2799
Persistent link: https://www.econbiz.de/10012254490
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Money in Motion : Dynamic Portfolio Choice in Retirement
Horneff, Wolfram J. - 2007
Retirees confront the difficult problem of how to manage their money in retirement so as to not outlive their funds … allocation decisions when managing her retirement financial wealth and annuities, and we prove that she can benefit from both the … equity premium and longevity insurance in her retirement portfolio. Even without bequests, she will not fully annuitize …
Persistent link: https://www.econbiz.de/10012465714
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Perfect withdrawal in a noisy world : investing lessons with and without annuities while in drawdown between 2000 and 2019
Clare, Andrew D.; Seaton, James; Smith, Peter N.; … - In: The journal of retirement : JOR 9 (2021) 1, pp. 9-39
Persistent link: https://www.econbiz.de/10012613659
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Money in Motion : Dynamic Portfolio Choice in Retirement
Horneff, Wolfram J. - 2007
Retirees confront the difficult problem of how to manage their money in retirement so as to not outlive their funds … allocation decisions when managing her retirement financial wealth and annuities, and we prove that she can benefit from both the … equity premium and longevity insurance in her retirement portfolio. Even without bequests, she will not fully annuitize …
Persistent link: https://www.econbiz.de/10012777579