Asset Accumulation and Portfolio Decisions with Time Varying Asset Returns and Labor Income

Carl Chiarella, Willi Semmler, Chih-Ying Hsiao and Lebogang Mateane
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Chih-Ying Hsiao: University of Technology

Chapter Chapter 6 in Sustainable Asset Accumulation and Dynamic Portfolio Decisions, 2016, pp 97-114 from Springer

Abstract: Abstract Next we will include labor income into our asset accumulation and asset allocation decisions. This brings us to the problem of pension funds and retirement income. Academics, journalists and politicians have recently discussed in particular the issue of uncovered future retirement and pension fund liabilities. Many questions are being raised in this context.

Keywords: Discount Rate; Risk Aversion; Business Cycle; Pension Fund; Risky Asset (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:spr:dymchp:978-3-662-49229-1_6

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DOI: 10.1007/978-3-662-49229-1_6

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