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| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Kim, J.G. | - |
| dc.contributor.author | Jang, B.-G. | - |
| dc.contributor.author | Park, S. | - |
| dc.date.accessioned | 2021-12-03T09:04:31Z | - |
| dc.date.available | 2021-12-03T09:04:31Z | - |
| dc.date.created | 2020-08-18 | - |
| dc.date.issued | 2020-09 | - |
| dc.identifier.issn | 0167-6377 | - |
| dc.identifier.uri | https://oasis.postech.ac.kr/handle/2014.oak/107843 | - |
| dc.description.abstract | We generalize the result of Yaari (1965) on annuitization with borrowing constraint. We show that inability to borrow against future labor income has a significant influence on an individual's consumption and asset allocation strategies. We also show that there exists a certain threshold of wealth for annuitization. We find that the wealth threshold is lower in the presence of borrowing constraint than in its absence, implying the individual's earlier retirement. (C) 2020 Elsevier B.V. All rights reserved. | - |
| dc.language | English | - |
| dc.publisher | ELSEVIER | - |
| dc.relation.isPartOf | OPERATIONS RESEARCH LETTERS | - |
| dc.title | Annuitization and asset allocation with borrowing constraint | - |
| dc.type | Article | - |
| dc.identifier.doi | 10.1016/j.orl.2020.06.007 | - |
| dc.type.rims | ART | - |
| dc.identifier.bibliographicCitation | OPERATIONS RESEARCH LETTERS, v.48, no.5, pp.549 - 551 | - |
| dc.identifier.wosid | 000573865100002 | - |
| dc.citation.endPage | 551 | - |
| dc.citation.number | 5 | - |
| dc.citation.startPage | 549 | - |
| dc.citation.title | OPERATIONS RESEARCH LETTERS | - |
| dc.citation.volume | 48 | - |
| dc.contributor.affiliatedAuthor | Kim, J.G. | - |
| dc.contributor.affiliatedAuthor | Jang, B.-G. | - |
| dc.identifier.scopusid | 2-s2.0-85087790498 | - |
| dc.description.journalClass | 1 | - |
| dc.description.journalClass | 1 | - |
| dc.description.isOpenAccess | N | - |
| dc.type.docType | Article | - |
| dc.subject.keywordPlus | OPTIMAL RETIREMENT | - |
| dc.subject.keywordPlus | PORTFOLIO | - |
| dc.subject.keywordPlus | CONSUMPTION | - |
| dc.subject.keywordPlus | LIFETIME | - |
| dc.subject.keywordAuthor | Annuitization | - |
| dc.subject.keywordAuthor | Wealth threshold | - |
| dc.subject.keywordAuthor | Retirement | - |
| dc.subject.keywordAuthor | Borrowing constraint | - |
| dc.relation.journalWebOfScienceCategory | Operations Research & Management Science | - |
| dc.description.journalRegisteredClass | scie | - |
| dc.description.journalRegisteredClass | scopus | - |
| dc.relation.journalResearchArea | Operations Research & Management Science | - |
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Related Researcher
- 장봉규JANG, BONG GYU
- Dept. of Industrial & Management Eng.