A Lifetime Investment
نویسندگان
چکیده
منابع مشابه
Lifetime Labor Supply and Human Capital Investment
We develop a model of retirement and human capital investment to study the effects of tax and retirement policies. Workers choose the supply of raw labor (career length) and also the human capital embodied in their labor. Our model explains a significant fraction of the US-Europe difference in schooling and retirement. The model predicts that reforms of the European retirement policies modeled ...
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We consider the infinite horizon optimal consumption-investment problem under the drawdown constraint, i.e. the wealth process never falls below a fixed fraction of its running maximum. We assume that the risky asset is driven by the constant coefficients Black and Scholes model. For a general class of utility functions, we provide the value function in explicit form, and we derive closed-form ...
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ژورنال
عنوان ژورنال: Academic Medicine
سال: 2009
ISSN: 1040-2446
DOI: 10.1097/01.acm.0000360330.75949.a0