Financial planning for young households

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Standard

Financial planning for young households. / Pedersen, Anne Marie Boiden; Weissensteiner, Alex; Poulsen, Rolf.

I: Annals of Operations Research, Bind 205, Nr. 1, 2013, s. 55-76.

Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt

Harvard

Pedersen, AMB, Weissensteiner, A & Poulsen, R 2013, 'Financial planning for young households', Annals of Operations Research, bind 205, nr. 1, s. 55-76. https://doi.org/10.1007/s10479-012-1205-3

APA

Pedersen, A. M. B., Weissensteiner, A., & Poulsen, R. (2013). Financial planning for young households. Annals of Operations Research, 205(1), 55-76. https://doi.org/10.1007/s10479-012-1205-3

Vancouver

Pedersen AMB, Weissensteiner A, Poulsen R. Financial planning for young households. Annals of Operations Research. 2013;205(1):55-76. https://doi.org/10.1007/s10479-012-1205-3

Author

Pedersen, Anne Marie Boiden ; Weissensteiner, Alex ; Poulsen, Rolf. / Financial planning for young households. I: Annals of Operations Research. 2013 ; Bind 205, Nr. 1. s. 55-76.

Bibtex

@article{28ec37ee167b46e9ade8891a4f46519e,
title = "Financial planning for young households",
abstract = "We analyze the financial planning problems of young households whose main decisions are how to finance the purchase of a house (liabilities) and how to allocate investments in pension savings schemes (assets). The problems are solved using a multi-stage stochastic programming model where the uncertainty is described by a scenario tree generated from a vector auto-regressive process for equity returns and interest rate evolution. We find strong evidence of the importance of taking into account the multi-stage nature of the problem, as well as the need to consider the asset and liability sides jointly.",
author = "Pedersen, {Anne Marie Boiden} and Alex Weissensteiner and Rolf Poulsen",
year = "2013",
doi = "10.1007/s10479-012-1205-3",
language = "English",
volume = "205",
pages = "55--76",
journal = "Annals of Operations Research",
issn = "0254-5330",
publisher = "Springer",
number = "1",

}

RIS

TY - JOUR

T1 - Financial planning for young households

AU - Pedersen, Anne Marie Boiden

AU - Weissensteiner, Alex

AU - Poulsen, Rolf

PY - 2013

Y1 - 2013

N2 - We analyze the financial planning problems of young households whose main decisions are how to finance the purchase of a house (liabilities) and how to allocate investments in pension savings schemes (assets). The problems are solved using a multi-stage stochastic programming model where the uncertainty is described by a scenario tree generated from a vector auto-regressive process for equity returns and interest rate evolution. We find strong evidence of the importance of taking into account the multi-stage nature of the problem, as well as the need to consider the asset and liability sides jointly.

AB - We analyze the financial planning problems of young households whose main decisions are how to finance the purchase of a house (liabilities) and how to allocate investments in pension savings schemes (assets). The problems are solved using a multi-stage stochastic programming model where the uncertainty is described by a scenario tree generated from a vector auto-regressive process for equity returns and interest rate evolution. We find strong evidence of the importance of taking into account the multi-stage nature of the problem, as well as the need to consider the asset and liability sides jointly.

U2 - 10.1007/s10479-012-1205-3

DO - 10.1007/s10479-012-1205-3

M3 - Journal article

VL - 205

SP - 55

EP - 76

JO - Annals of Operations Research

JF - Annals of Operations Research

SN - 0254-5330

IS - 1

ER -

ID: 43559096