Life insurance and pension contracts II : the life cycle model with recursive utility
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| Tag | 1 | 2 | Valor |
|---|---|---|---|
| LDR | 00000cab a2200000 4500 | ||
| 001 | MAP20160023855 | ||
| 003 | MAP | ||
| 005 | 20160805113656.0 | ||
| 008 | 160804e20160101usa|||p |0|||b|eng d | ||
| 040 | $aMAP$bspa$dMAP | ||
| 084 | $a6 | ||
| 100 | 1 | $0MAPA20080059958$aAase, Knut K. | |
| 245 | 1 | 0 | $aLife insurance and pension contracts II$b: the life cycle model with recursive utility$cKnunt K. Aase |
| 520 | $aThis article analyzes optimal consumption and pension insurance during the life time of a consumer using the life cycle model, when the consumer has recursive utility. The relationship between substitution of consumption and risk aversion is highlighted, and clarified by the introduction of this type of preferences. This illustrates how recursive utility can be used to explain the empirical consumption puzzle for aggregates. This indicates a plausible choice for the parameters of the utility function, relevant for the consumer in the life cycle model. Optimal life insurance is considered, as well as the portfolio choice problem related to optimal exposures in risky securities. | ||
| 650 | 4 | $0MAPA20080552114$aPensiones | |
| 650 | 4 | $0MAPA20080592455$aPlanes de pensiones | |
| 650 | 4 | $0MAPA20080591021$aFondos de pensiones | |
| 650 | 4 | $0MAPA20080570590$aSeguro de vida | |
| 650 | 4 | $0MAPA20080602437$aMatemática del seguro | |
| 650 | 4 | $0MAPA20080579258$aCálculo actuarial | |
| 650 | 4 | $0MAPA20080580377$aEsperanza de vida | |
| 650 | 4 | $0MAPA20080604202$aTeoría de la utilidad | |
| 650 | 4 | $0MAPA20080615130$aRelación costo-beneficio | |
| 650 | 4 | $0MAPA20080596316$aEquilibrio económico | |
| 773 | 0 | $wMAP20077000420$tAstin bulletin$dBelgium : ASTIN and AFIR Sections of the International Actuarial Association$x0515-0361$g01/01/2016 Volumen 46 Número 1 - enero 2016 , p. 71-102 |