The optimal rate of return for defined contribution pension systems in a stochastic framework
نویسندگان
چکیده
منابع مشابه
Optimal Portfolio Strategies with Stochastic Wage Income: the Case of a Defined Contribution Pension Plan∗
We consider a stochastic model for a defined-contribution pension fund in continuous time. In particular, we focus on the portfolio problem of a fund manager who wants to maximize the expected utility of his terminal wealth in a complete financial market. The fund manager must cope with a set of stochastic investment opportunities and with the uncertainty involved by the labor market. After int...
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ژورنال
عنوان ژورنال: Pure Mathematics and Applications
سال: 2018
ISSN: 1788-800X
DOI: 10.1515/puma-2015-0023