英文标题：
《Optimal Equity Glidepaths in Retirement》
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作者：
Christopher J. Rook
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最新提交年份：
2015
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英文摘要：
  Dynamic retirement glidepaths evolve over time based on some measure such as the retiree\'s funded status or current market valuations. Conversely, static glidepaths are fixed at a starting point and selected under the assumption that they will not change. In practice, new static glidepaths may be derived periodically making them more flexible. The optimal static retirement glidepath would be the one that performs better than all others with respect to some metric. When systematic withdrawals are made from a retirement portfolio, glidepaths are often assessed via the probability of ruin (or success). Our goal here is to derive the optimal static glidepath with respect to this metric. It is a result new to the literature and the shape will be of special interest to retirees, financial advisors, retirement researchers, and target-date fund providers.
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中文摘要：
动态退休下滑路径会随着时间的推移而演变，这取决于一些衡量标准，如退休人员的资金状况或当前的市场估值。相反，静态下滑道固定在一个起点，并在假设它们不会改变的情况下进行选择。在实践中，可以周期性地导出新的静态下滑道，使其更加灵活。最佳静态退役滑道将是在某些指标方面表现优于所有其他滑道的滑道。当从退休投资组合中进行系统性提款时，下滑路径通常通过破产（或成功）概率进行评估。我们的目标是推导出与此指标相关的最佳静态下滑道。这是文献中的一个新结果，退休人员、财务顾问、退休研究人员和目标日期基金提供商将对该形状特别感兴趣。
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分类信息：

一级分类：Quantitative Finance        数量金融学
二级分类：General Finance        一般财务
分类描述：Development of general quantitative methodologies with applications in finance
通用定量方法的发展及其在金融中的应用
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一级分类：Computer Science        计算机科学
二级分类：Discrete Mathematics        离散数学
分类描述：Covers combinatorics, graph theory, applications of probability. Roughly includes material in ACM Subject Classes G.2 and G.3.
涵盖组合学，图论，概率论的应用。大致包括ACM学科课程G.2和G.3中的材料。
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一级分类：Mathematics        数学
二级分类：Probability        概率
分类描述：Theory and applications of probability and stochastic processes: e.g. central limit theorems, large deviations, stochastic differential equations, models from statistical mechanics, queuing theory
概率论与随机过程的理论与应用：例如中心极限定理，大偏差，随机微分方程，统计力学模型，排队论
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