An Overview of Optimal Life Insurance Purchase, Consumption and Investment Problems
We provide an extension to Merton's famous continuous time model of optimal consumption and investment, in the spirit of previous works by Pliska and Ye, to allow for a wage earner to have a random lifetime and to use a portion of the income to purchase life insurance in order to provide for hi...
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| Other Authors: | , , |
| Format: | book |
| Language: | eng |
| Published: |
2011
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| Subjects: | |
| Online Access: | https://repositorio-aberto.up.pt/handle/10216/101734 |
| Country: | Portugal |
| Oai: | oai:repositorio-aberto.up.pt:10216/101734 |