Blar i Discussion papers (FOR) på emneord "the life cycle model"
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Life insurance and pension contracts I : the time additive life cycle model
(Discussion paper;13/14, Working paper, 2014-03)We analyze optimal consumption in the life cycle model by intro- ducing life and pension insurance contracts. The model contains a credit market with biometric risk, and market risk via risky securi- ties. This idealized ... -
Long dated life insurance and pension contracts
(Discussion paper, Working paper, 2011-05) -
The Life Cycle Model with Recursive Utility: New insights on optimal consumption
(Discussion papers;19/14, Working paper, 2014-05)We analyze optimal consumption, including pensions, during the life time of a consumer using the life cycle model, when the consumer has recursive utility. The model framework is that of continuous-time with diffusion ...