Household Consumption, Investment and Life Insurance

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Household Consumption, Investment and Life Insurance. / Bruhn, Kenneth; Steffensen, Mogens.

I: Insurance: Mathematics and Economics, Bind 48, Nr. 3, 2011, s. 315-325.

Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt

Harvard

Bruhn, K & Steffensen, M 2011, 'Household Consumption, Investment and Life Insurance', Insurance: Mathematics and Economics, bind 48, nr. 3, s. 315-325. https://doi.org/10.1016/j.insmatheco.2010.12.004

APA

Bruhn, K., & Steffensen, M. (2011). Household Consumption, Investment and Life Insurance. Insurance: Mathematics and Economics, 48(3), 315-325. https://doi.org/10.1016/j.insmatheco.2010.12.004

Vancouver

Bruhn K, Steffensen M. Household Consumption, Investment and Life Insurance. Insurance: Mathematics and Economics. 2011;48(3):315-325. https://doi.org/10.1016/j.insmatheco.2010.12.004

Author

Bruhn, Kenneth ; Steffensen, Mogens. / Household Consumption, Investment and Life Insurance. I: Insurance: Mathematics and Economics. 2011 ; Bind 48, Nr. 3. s. 315-325.

Bibtex

@article{8ae6e0ae47024194ba36367c818b354e,
title = "Household Consumption, Investment and Life Insurance",
abstract = "This paper develops a continuous-time Markov model for utility optimization of households. The household optimizes expected future utility from consumption by controlling consumption, investments and purchase of lifeinsurance for each person in the household. The optimal controls are investigated in the special case of a two-person household, and we present graphics illustrating how differences between the two persons affect the controls.",
author = "Kenneth Bruhn and Mogens Steffensen",
year = "2011",
doi = "10.1016/j.insmatheco.2010.12.004",
language = "English",
volume = "48",
pages = "315--325",
journal = "Insurance: Mathematics and Economics",
issn = "0167-6687",
publisher = "Elsevier",
number = "3",

}

RIS

TY - JOUR

T1 - Household Consumption, Investment and Life Insurance

AU - Bruhn, Kenneth

AU - Steffensen, Mogens

PY - 2011

Y1 - 2011

N2 - This paper develops a continuous-time Markov model for utility optimization of households. The household optimizes expected future utility from consumption by controlling consumption, investments and purchase of lifeinsurance for each person in the household. The optimal controls are investigated in the special case of a two-person household, and we present graphics illustrating how differences between the two persons affect the controls.

AB - This paper develops a continuous-time Markov model for utility optimization of households. The household optimizes expected future utility from consumption by controlling consumption, investments and purchase of lifeinsurance for each person in the household. The optimal controls are investigated in the special case of a two-person household, and we present graphics illustrating how differences between the two persons affect the controls.

U2 - 10.1016/j.insmatheco.2010.12.004

DO - 10.1016/j.insmatheco.2010.12.004

M3 - Journal article

VL - 48

SP - 315

EP - 325

JO - Insurance: Mathematics and Economics

JF - Insurance: Mathematics and Economics

SN - 0167-6687

IS - 3

ER -

ID: 40389013