Stochastic Optimal Investment under Inflationary Market with Minimum Guarantee for DC Pension Plans
نویسندگان
چکیده
منابع مشابه
Pension funds with a minimum guarantee: a stochastic control approach
In this paper we propose and study a continuous time stochastic model of optimal allocation for a defined contribution pension fund with a minimum guarantee. Usually, portfolio selection models for pension funds maximize the expected utility from final wealth over a finite horizon (the retirement time), whereas our target is to maximize the expected utility from current wealth over an infinite ...
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ژورنال
عنوان ژورنال: Journal of Mathematics Research
سال: 2015
ISSN: 1916-9809,1916-9795
DOI: 10.5539/jmr.v7n3p1