Working Papers
18.
Finite-Horizon Optimal Retirement Timing Under Wealth Targets: Structure of the Free Boundaries
Kexin Chen, Junkee Jeon, Takwon Kim, and Zhou Yang
Work in progress
17.
Anticipatory Social Preference with Sustainability Constraint
Junkee Jeon, Hyeng Keun Koo, Minsuk Kwak, and Ji Hee Yoon
Work in ProgressWork in Progress
16.
The Finite-Horizon Reversible Investment Problem under Multi-Dimensional Stochastic Dynamics
Junkee Jeon, Takwon Kim, Jinwan Park, and A.Max. Reppen
Work in ProgressWork in Progress
15.
Equilibrium Interest Rate Dynamics Driven by Loss Aversion to Consumption Changes
Kexin Chen, Junkee Jeon, and Hyeng Keun Koo
Work in ProgressWork in Progress
14.
A Partially Reversible Retirement Decision Problem under Borrowing Constraints
Junkee Jeon
Manuscript currently being substantially revisedManuscript
13.
How Annuity Preferences and Credit Lines Shape Annuitization and Asset Allocation
Junkee Jeon, Takwon Kim
Submitted for publication2026
12.
Finite-Horizon Optimal Consumption and Investment with Time-Varying Job-Switching Costs
Gugyum Ha, Junkee Jeon, Jihoon Ok
11.
Optimal Consumption and Investment with an Endogenous Wealth-Backed Floor
Junkee Jeon
Submitted for publication2026
10.
Downward Rigidity in Durable Goods and Portfolio Choice
Junkee Jeon, Takwon Kim
Revise and resubmit at Economic Modelling2026
9.
When Do Loss-Averse Households Retire? Intertemporal Loss Aversion and Sticky Consumption
Junkee Jeon, Takwon Kim
8.
The Obstacle Problem Arising from the American Chooser Option
Gu-gyum Ha, Junkee Jeon, and Jihoon Ok
Submitted for publication2026
7.
Consumption Inaction-Induced Risk Concentraction in Asset Pricing
Kyoung Jin Choi, Junkee Jeon, Hyeng Keun Koo
Submitted for publication2026
6.
Liquid–Illiquid Conversion via Singular Control: Staking and Partial Commitment
Kyoung Jin Choi, Junkee Jeon, Minsuk Kwak, and Byung Hwa Lim
Submitted for publication2026
5.
Lifetime Consumption and Portfolio Choice with an Endogenous Lifestyle Benchmark
Kexin Chen, Junkee Jeon, Hyeng Keun Koo, and Zhou Yang
Submitted for publication2026
4.
Endogenous Consumption Inertia in General Equilibrium
Kyoung Jin Choi, Junkee Jeon, Hyeng Keun Koo, and Jehan Oh
Submitted for publication2026
3.
The Finite-Horizon Retirement Problem with Borrowing Constraint: A Zero-Sum Stopper vs. Singular-Controller Game
Takwon Kim, Zhou Yang, and Junkee Jeon
Revised and resubmitted to Mathematics of Operations Research2026
2.
Optimal Consumption and Investment with Costly Adjustments for Living Standards in a Finite Horizon
Junkee Jeon, Hyeng Keun Koo, and Jehan Oh
Revised and resubmitted to Finance and Stochastics2026
1.
Optimal Portfolio Selection and Early Retirement with Target Wealth Constraints
Jongbong An, Junkee Jeon, and Takwon Kim
Revised and resubmitted to Mathematics and Financial Economics2025