DC Field | Value | Language |
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dc.contributor.author | Chae, Jiwon | - |
dc.contributor.author | Jang, Bong-Gyu | - |
dc.contributor.author | Park, Seyoung | - |
dc.date.accessioned | 2024-06-20T07:40:53Z | - |
dc.date.available | 2024-06-20T07:40:53Z | - |
dc.date.created | 2023-12-11 | - |
dc.date.issued | 2023-11 | - |
dc.identifier.issn | 0165-4896 | - |
dc.identifier.uri | https://oasis.postech.ac.kr/handle/2014.oak/123680 | - |
dc.description.abstract | Models of optimal retirement should reflect market incompleteness in reality caused by disability risk. In this paper, we develop an analytic approach for optimal retirement models with disability risk. More precisely, we provide an analytically tractable characterization of total wealth that is the sum of financial wealth and the present value of future income. We then provide analytic properties of the retirement wealth threshold. Finally, we derive the analytical optimal consumption and portfolio choice with retirement and disability risk. | - |
dc.language | English | - |
dc.publisher | Elsevier BV | - |
dc.relation.isPartOf | Mathematical Social Science | - |
dc.title | Analytic approach for models of optimal retirement with disability risk | - |
dc.type | Article | - |
dc.identifier.doi | 10.1016/j.mathsocsci.2023.09.007 | - |
dc.type.rims | ART | - |
dc.identifier.bibliographicCitation | Mathematical Social Science, v.126, pp.68 - 75 | - |
dc.identifier.wosid | 001097149900001 | - |
dc.citation.endPage | 75 | - |
dc.citation.startPage | 68 | - |
dc.citation.title | Mathematical Social Science | - |
dc.citation.volume | 126 | - |
dc.contributor.affiliatedAuthor | Chae, Jiwon | - |
dc.contributor.affiliatedAuthor | Jang, Bong-Gyu | - |
dc.identifier.scopusid | 2-s2.0-85173975128 | - |
dc.description.journalClass | 1 | - |
dc.description.journalClass | 1 | - |
dc.description.isOpenAccess | N | - |
dc.type.docType | Article | - |
dc.subject.keywordPlus | PORTFOLIO SELECTION | - |
dc.subject.keywordPlus | CONSUMPTION | - |
dc.subject.keywordPlus | HEALTH | - |
dc.subject.keywordPlus | CHOICE | - |
dc.subject.keywordPlus | INCOME | - |
dc.subject.keywordAuthor | Retirement | - |
dc.subject.keywordAuthor | Disability risk | - |
dc.subject.keywordAuthor | Total wealth | - |
dc.subject.keywordAuthor | Optimal consumption and portfolio | - |
dc.relation.journalWebOfScienceCategory | Economics | - |
dc.relation.journalWebOfScienceCategory | Mathematics, Interdisciplinary Applications | - |
dc.relation.journalWebOfScienceCategory | Social Sciences, Mathematical Methods | - |
dc.description.journalRegisteredClass | scie | - |
dc.description.journalRegisteredClass | ssci | - |
dc.description.journalRegisteredClass | scopus | - |
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