Optimal savings management for individuals with defined contribution pension plans

Keyphrases

• Defined Benefit Pension Plans 100%
• Pension Savings 100%
• Optimal Saving 100%
• Risk Aversion 50%
• Stochastic Optimal Control 50%
• Operations Research 50%
• Personal Characteristics 50%
• Optimization Approach 50%
• Portfolio Composition 50%
• Operation Research Methods 50%
• Bequest Motive 50%
• Lifetime Expectancy 50%
• Pension Contributions 50%
• Expected Income 50%
• Payout 50%
• Risk Preferences 50%
• CRRA Utility 50%
• State Pensions 50%
• Savings Accounts 50%
• Multistage Stochastic Programming 50%
• Individual Age 50%
• Annuity Payment 50%

Economics, Econometrics and Finance

• Risk Attitude 50%
• Risk Preference 50%