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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...

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Detalles Bibliográficos
Autores principales: Kim, Dayoon, Shin, Yong Hyun
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer International Publishing 2023
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10153788/
http://dx.doi.org/10.1007/s40314-023-02314-w

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