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The effects of pre-/post-retirement borrowing constraints on optimal consumption, investment, and retirement
In this paper, we explore an optimization problem in which a working agent with an option to retire wants to maximize her expected lifetime utility. The agent receives labor (or annuity) income before/after retirement and experiences dis-utility due to labor. Additionally, the agent can partially bo...
| Autores principales: | , |
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
| Publicado: |
Springer International Publishing
2023
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| Materias: | |
| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10153788/ http://dx.doi.org/10.1007/s40314-023-02314-w |