Equilibrium behavioral strategy for a DC pension plan with piecewise linear state-dependent risk tolerance
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DOI: 10.1080/03610926.2021.1952265
Abstract: We investigate the equilibrium behavioral strategy for a defined contribution (DC) pension plan during the accumulation phase in this paper. We adopt a state-dependent function to describe the risk... read more here.
Keywords: equilibrium behavioral; pension plan; state dependent; behavioral strategy ... See more keywords