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A Sustainable Spending Rate without Simulation
8 references·8 citing·39 second hop
A Sustainable Spending Rate without Simulation (2005)A Sustainable Spending Rate without Simul…What Is Permanent Endowment Income (2016)What Is Permanent Endowment I…Journal of Financial Planning (2012)Journal of Financial PlanningThe Calculus of Retirement Income (2006)The Calculus of Retirement In…Optimal Investment Strategy to Minimize the Probability of Lifetime Ruin (2004)Optimal Investment Strategy t…Optimal Investment Policies for a Firm With a Random Risk Process: Exponential Utility and Minimizing the Probability of Ruin (1995)Optimal Investment Policies f…Stocks, bonds, bills, and inflation yearbook (1993)Stocks, bonds, bills, and inf…The Chronicle of Higher Education (1977)The Chronicle of Higher Educa…An Asymptotic Theory of Growth Under Uncertainty (1975)An Asymptotic Theory of Growt…Decision Making under Uncertainty and Risk: A Retiree's Perspective on Choosing between Pension Options (2017)Decision Making under Uncerta…The Retirement Glidepath: An International Perspective (2016)The Retirement Glidepath: An …The Only Spending Rule Article You Will Ever Need (2015)The Only Spending Rule Articl…Life Annuities: An Optimal Product for Retirement Income (2013)Life Annuities: An Optimal Pr…Spending Retirement on Planet Vulcan: The Impact of Longevity Risk Aversion on Optimal Withdrawal Rates (corrected July 2011) (2011)Spending Retirement on Planet…Stochastic optimization of retirement portfolio asset allocations and withdrawals (2008)Stochastic optimization of re…Lifetime Financial Advice: Human Capital, Asset Allocation, and Insurance (2007)Lifetime Financial Advice: Hu…Withdrawal Location with Progressive Tax Rates (2006)Withdrawal Location with Prog…A Mathematical Theory of Saving (1928)Uncertain Lifetime, Life Insurance, and the Theory of the Consumer (1965)Optimum consumption and portfolio rules in a continuous-time model (1971)Optimal retirement consumption with a stochastic force of mortality (2012)Optimal savings management for individuals with defined contribution pension plans (2014)TONUITY: A NOVEL INDIVIDUAL-ORIENTED RETIREMENT PLAN (2018)PORTFOLIO SELECTION* (1952)Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case (1969)Portfolio Choice with Puts: Evidence from Variable Annuities (2008)Combining Financial Education With Mathematics Coursework: Findings From a Pilot Study (2019)An Intertemporal Capital Asset Pricing Model (1973)Uncertainty in the Theory of Renewable Resource Markets (1984)Intergenerational risk sharing (1988)Robustness and Pricing with Uncertain Growth (2002)Risk Aversion in the Small and in the Large (1976)Optimal investment for insurers (2000)Exponential Hedging and Entropic Penalties (2002)Minimizing the Probability of Ruin When Claims Follow Brownian Motion with Drift (2005)Brownian Motion and Stochastic Calculus (2007)Continuous-Time Finance. (1991)Arbitrage Theory in Continuous Time (1998)Loss Models: From Data to Decisions (1999)Comonotonic Approximations for Optimal Portfolio Selection Problems (2005)ASSET ALLOCATION AND ANNUITY‐PURCHASE STRATEGIES TO MINIMIZE THE PROBABILITY OF FINANCIAL RUIN (2006)Minimizing the probability of lifetime ruin under borrowing constraints (2006)Econometric studies of higher education (2003)How University Endowments Respond to Financial Market Shocks: Evidence and Implications (2014)Planetary justice: A research framework (2020)In search of higher persistence rates in distance education online programs (2003)Distance Education Trends: Integrating new technologies to foster student interaction and collaboration (2006)Study Habits, Skills, and Attitudes: The Third Pillar Supporting Collegiate Academic Performance (2008)Following the rules: Integrating asset allocation and annuitization in retirement portfolios (2007)Fair Tontine Annuity (2010)Does Asset Allocation Policy Explain 40, 90, or 100 Percent of Performance? (2000)Promoting Family: A Contingency Model of Family Business Succession (2008)Family Ownership, Board Independence, and R&D Investment (2009)The Search for the Best Financial Performance Measure (1997)Macroeconomic news and bond market volatility1We thank Walter Toshi Baily, Bob Korajczyk, Jim Poterba, Mark Watson, seminar participants at the University of Chicago, Columbia University, Cornell University, and the University of Montreal, and especially Ludger Hentschel (the referee) for helpful comments. We also thank Mark Mitchell for supplying data, and Amy C. Ko and Sydney Ludvigson for research assistance. Lamont was supported by the FMC Faculty Research Fund at the Graduate School of Business, University of Chicago. A portion of this research was completed while Lumsdaine was a National Fellow at the Hoover Institution. We also thank the Financial Research Center at Princeton University for support. A previous version of this paper circulated as `Public Information and the Persistence of Bond Market Volatility'.1 (1998)Using Asset Prices to Measure the Persistence of the Marginal Utility of Wealth (2005)
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References

  • 1977The Chronicle of Higher Education4,317 cited
  • 1995Optimal Investment Policies for a Firm With a Random Risk Process: Exponential Utility and Minimizing the Probability of Ruin607 cited
  • 1993Stocks, bonds, bills, and inflation yearbook379 cited
  • 2012Journal of Financial Planning361 cited
  • 1975An Asymptotic Theory of Growth Under Uncertainty322 cited
  • 2016What Is Permanent Endowment Income137 cited
  • 2006The Calculus of Retirement Income134 cited
  • 2004Optimal Investment Strategy to Minimize the Probability of Lifetime Ruin121 cited

Cited by

  • 2011Spending Retirement on Planet Vulcan: The Impact of Longevity Risk Aversion on Optimal Withdrawal Rates (corrected July 2011)63 cited
  • 2007Lifetime Financial Advice: Human Capital, Asset Allocation, and Insurance59 cited
  • 2015The Only Spending Rule Article You Will Ever Need55 cited
  • 2008Stochastic optimization of retirement portfolio asset allocations and withdrawals48 cited
  • 2006Withdrawal Location with Progressive Tax Rates29 cited
  • 2016The Retirement Glidepath: An International Perspective24 cited
  • 2013Life Annuities: An Optimal Product for Retirement Income

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22 cited
  • 2017Decision Making under Uncertainty and Risk: A Retiree's Perspective on Choosing between Pension Options3 cited