Less is more: Increasing retirement gains by using an upside terminal wealth constraint
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DOI: 10.1016/j.insmatheco.2015.06.003
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- Mercedes Ayuso & Montserrat Guillen & Jens Perch Nielsen, 2019.
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Transportation, Springer, vol. 46(3), pages 735-752, June.
- Mercedes Ayuso & Montserrat Guillén & Jens Perch Nielsen, 2016. "Improving automobile insurance ratemaking using telematics: incorporating mileage and driver behaviour data," Working Papers XREAP2016-08, Xarxa de Referència en Economia Aplicada (XREAP), revised Dec 2016.
- Mercedes Ayuso & Montserrat Guillén & Jens Perch Nielsen, 2017. "Improving automobile insurance ratemaking using telematics: incorporating mileage and driver behaviour data," Working Papers 2017-01, Universitat de Barcelona, UB Riskcenter.
- Fahrenwaldt, Matthias A. & Sun, Chaofan, 2020. "Expected utility approximation and portfolio optimisation," Insurance: Mathematics and Economics, Elsevier, vol. 93(C), pages 301-314.
- Lena Schutte, 2017. "Retirement Wealth under Fixed Limits: The Optimal Strategy for Exponential Utility," Papers 1712.00463, arXiv.org.
- Li, Yuying & Forsyth, Peter A., 2019. "A data-driven neural network approach to optimal asset allocation for target based defined contribution pension plans," Insurance: Mathematics and Economics, Elsevier, vol. 86(C), pages 189-204.
- Manuela Alcañiz & Aïda Solé-Auró, 2018. "Ageing and health-related quality of life: evidence from Catalonia (Spain)," Working Papers 2018-01, Universitat de Barcelona, UB Riskcenter.
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More about this item
Keywords
Retirement planning; Retirement wealth distribution; Savings plan; Portfolio optimization; Stochastic control;All these keywords.
JEL classification:
- D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
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