Optimal consumption–portfolio choices and retirement planning

By Z. Bodie, Jérôme Detemple, Susanne Otruba, S. Walter. 2004

164 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Optimal Portfolio Choice over the Life-Cycle with Flexible Work, Endogenous Retirement, and Lifetime Payouts (2011, unknown): “6 See, for instance, Bodie et al. (2004), Bodie, Merton, and Samuelson (1992), and Farhi and Pan-”
Optimal Life-Cycle Investing with Flexible Labor Supply: A Welfare Analysis of Life-Cycle Funds (2008, background): “Our derived pre-retirement optimal portfolio allocation is similar to the holdings of “life-cycle” or “target date” funds, which are replacing money market and stable funds as the default portfolio in many defined-contribution plans (Zvi Bodie and Jonathan Treussard 2007, Luis M. Viceira 2008).”
Annuitization and asset allocation (2007, background): “(7) For this utility function, the relative risk aversion equals γ, a constant.”
OPTIMAL PORTFOLIO, CONSUMPTION‐LEISURE AND RETIREMENT CHOICE PROBLEM WITH CES UTILITY (2008, unknown): “Bodie et al. (2004) have studied a similar problem in the context of retirement planning, i.e., there is a fixed time of retirement and the agent chooses consumption and investment in preparation for a scheduled retirement.”
DISUTILITY, OPTIMAL RETIREMENT, AND PORTFOLIO SELECTION (2006, background): “Bodie et al. (2004) have studied a similar problem in the context of optimal retirement planning, i.e., under the assumption that there is a fixed retirement time and the agent chooses consumption and investment in preparation for the scheduled retirement.”