학회소식
[2015년 제 4차] How Annuity Demand is Affected by Insurer Default R
작성자 : 관리자
조회수 : 1016
게시일 :
2015-12-30
This paper considers a model of optimal consumption and portfolio choice of the retired person who has partially annuitized her wealth and faces default risk of her annuity provider. We develop a new method for solving the optimal consumption and portfoli
