| Retreat 2007 MAIN PAGE Retreat 2007 SCHEDULE Retreat 2007 PICTURES |
I will present an optimal consumption and portfolio choice model that includes the possibility for the individual to retire earlier than a mandatory retirement date. From a mathematical perspective, this is equivalent to be considering an optimal stopping problem. This presentation follows a paper Saving and Investing for Early Retirement: A Theoretical Analysis by Emmanuel Farhi and Stavros Panageas (Journal of Financial Economics, 2007).
| Retreat 2007 MAIN PAGE Retreat 2007 SCHEDULE Retreat 2007 PICTURES |