The optimal investment-consumption analysis under insurer default risk and inflation risk for retirees who receive defined benefit pension payments is conducted

The global trend of shifting from defined benefit (DB) to defined contribution (DC) workplace pension plans is putting growing pressure on individuals to take m

This paper derives optimal consumption, investment, and annuitization patterns for retired households that have access to German-style participating payout life

The purpose of this paper is to study the optimal retirement and consumption/investment decisions of an infinitely lived agent who does not tolerate any decline

Countries around the world are increasingly relying on individual pension savings accounts to provide income in old age for their citizens. Although these funds