Auflistung nach Autor "Schendel, Lorenz S."
Anzeige der Dokumente 1-3 von 3
-
Consumption-Investment Problems with Stochastic Mortality Risk
Schendel, Lorenz S. (2014-03-03)I numerically solve realistically calibrated life cycle consumption-investment problems in continuous time featuring stochastic mortality risk driven by jumps, unspanned labor income as well as short-sale and liquidity ... -
Critical Illness Insurance in Life Cycle Portfolio Problems
Schendel, Lorenz S. (2014-03-03)I analyze a critical illness insurance in a consumption-investment model over the life cycle. I solve a model with stochastic mortality risk and health shock risk numerically. These shocks are interpreted as critical illness ... -
Life Insurance Demand under Health Shock Risk
Kraft, Holger; Schendel, Lorenz S.; Steffensen, Mogens (2015-06-03)This paper studies the life cycle consumption-investment-insurance problem of a family. The wage earner faces the risk of a health shock that significantly increases his probability of dying. The family can buy long-term ...