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对于没有医疗保险的退休人员来说,这是一个最佳的投资消费模式
Nelson Dzupire1, John Mutepuwa2
1School of Natural and Applied Sciences, University of Malawi, P.O. Box 280, Zomba, Malawi.
金融市场的结果对退休选择有很大的影响. 本研究优化了退休人员的投资,消费和医疗支出策略,使用动态编程和HJB方程,考虑市场风险和医疗支出.
科学领域:
- * 金融数学 金融数学
- * * 退休计划 退休计划 退休计划
- * 行为经济学
背景情况:
- * 退休人员面临越来越多的财务和健康相关挑战.
- *金融市场的表现直接影响退休决策.
- *将医疗费用纳入退休财务计划至关重要.
研究的目的:
- *为退休人员制定最佳的投资,消费和医疗支出战略.
- *使用几何布朗运动 (GBM) 建模股价动态.
- *分析金融市场参数对退休人员金融策略的影响.
主要方法:
- * 在汉密尔顿-雅各比-贝尔曼 (HJB) 方程上使用动态编程和变量变化技术.
- *利用了电力公用事业功能,为超级绝对风险回避 (HARA) 公用事业推导了解决方案.
- * 模拟投资回报与无风险和有风险的资产,包括医疗费用.
主要成果:
- *通货膨胀,市场风险和健康福利率影响投资配置 (股票,债券,健康).
- * 增加的健康福利率 (R) 会导致更高的股票投资比例.
- *较高的恒定差异贴现系数减少了退休人员对风险资产的分配.
结论:
- *为退休人员制定最佳的财务策略,必须动态平衡投资,消费和医疗支出.
- *市场状况和个人的风险厌恶显著影响退休财务决策.
- * 该模型提供了对管理财务资源的见解,以实现健康考虑的可持续退休.
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