Gaurav Khemka

Australian National University (ANU)

Canberra, Australian Capital Territory 2601

Australia

SCHOLARLY PAPERS

23

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2,480

TOTAL CITATIONS
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Top 68,078

in Total Papers Citations

2

Scholarly Papers (23)

1.

What Dividend Imputation Means for Retirement Savers

Number of pages: 31 Posted: 05 Sep 2018
Adam Butt, Gaurav Khemka and Geoff Warren
Australian National University - Research School of Finance, Actuarial Studies & Statistics, Australian National University (ANU) and Australian National University (ANU) - Research School of Finance, Actuarial Studies and Statistics
Downloads 710 (76,872)
Citation 1

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Retirement, Dividend Imputation, Life-Cycle Models, Portfolio Construction, Home Bias

2.

The ‘Right’ Level for the Superannuation Guarantee: A Straightforward Issue by No Means

Number of pages: 31 Posted: 04 Feb 2020
Gaurav Khemka, Yifu Tang and Geoff Warren
Australian National University (ANU), Australian National University and Australian National University (ANU) - Research School of Finance, Actuarial Studies and Statistics
Downloads 331 (191,474)
Citation 1

Abstract:

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3.

Principles and Rules for Translating Retirement Objectives into Strategies

Number of pages: 8 Posted: 18 Feb 2021
Adam Butt, Gaurav Khemka and Geoff Warren
Australian National University - Research School of Finance, Actuarial Studies & Statistics, Australian National University (ANU) and Australian National University (ANU) - Research School of Finance, Actuarial Studies and Statistics
Downloads 262 (244,507)

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Retirement savings, portfolio choice, drawdown strategies, product design, financial planning

4.

How Sub-Optimal Are Age-Based Life-Cycle Investment Products?

Number of pages: 22 Posted: 10 Jul 2019 Last Revised: 30 Jul 2019
Gaurav Khemka, Mogens Steffensen and Geoff Warren
Australian National University (ANU), University of Copenhagen and Australian National University (ANU) - Research School of Finance, Actuarial Studies and Statistics
Downloads 241 (265,779)

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life-cycle models, portfolio optimization, investment product design, target date funds

5.

Investing for Retirement: How Loss Aversion Risk Preferences Naturally Leads to Greater Retirement Income Certainty

Number of pages: 47 Posted: 06 Nov 2019
William Lim, Catherine Donnelly and Gaurav Khemka
Australian National University (ANU), Heriot-Watt University and Australian National University (ANU)
Downloads 233 (274,616)

Abstract:

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finance, retirement planning, optimal asset allocation, stochastic optimal control, constrained optimization

6.

Investment Option Switching Behaviour and Impact for Pension Fund Members Around the COVID Pandemic

Number of pages: 27 Posted: 24 Aug 2023 Last Revised: 10 Mar 2024
Australian National University - Research School of Finance, Actuarial Studies & Statistics, Australian National University (ANU), Australian National University (ANU), Australian National University (ANU) - Research School of Finance, Actuarial Studies and Statistics and Aware Super
Downloads 129 (461,145)

Abstract:

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Pension funds, superannuation, investment switching, individual behaviour

7.

HECS-HELP Prices and Distributional Equity: Price setting Based on Expected Future Income

Number of pages: 27 Posted: 16 Apr 2024
Tim Higgins and Gaurav Khemka
Australian National University (ANU) - College of Business and Economics and Australian National University (ANU)
Downloads 123 (478,594)

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HECS-HELP prices, Australian Universities Accord, Contingent debt, HECS-HELP subsidy, Expected future incomes

8.

Delegated Investment in Retirement Savings: Is There Value Added?

Number of pages: 40 Posted: 13 May 2024
Tiancheng Huang, Gaurav Khemka and Wing Fung Chong
Australian National University (ANU), Australian National University (ANU) and Heriot-Watt University - Department of Actuarial Mathematics and Statistics
Downloads 81 (634,932)

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retirement planning, delegated investment, optimal strategies, pension fund

9.

A Buy-Hold-Sell Pension Saving Strategy

Number of pages: 27 Posted: 24 Jul 2023
Gaurav Khemka, Mogens Steffensen and Geoff Warren
Australian National University (ANU), University of Copenhagen and Australian National University (ANU) - Research School of Finance, Actuarial Studies and Statistics
Downloads 74 (667,630)

Abstract:

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Lifecycle investing, pensions, retirement savings, portfolio construction, withdrawals

10.

Feasibility and Welfare Impact of Flexible Tontine Design

Number of pages: 38 Posted: 17 Jun 2024
Adam Butt, Gaurav Khemka and Eugene Tan
Australian National University - Research School of Finance, Actuarial Studies & Statistics, Australian National University (ANU) and Commonwealth Bank of Australia
Downloads 56 (769,121)

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Retirement, Tontines, Annuities, Selection Effects JEL codes C63, E21, J26

11.

Changes in Consumption Needs and Purchases at Retirement

Number of pages: 32 Posted: 26 Sep 2019
Tim J. Boonen, Le Chang, Gaurav Khemka and Steven Roberts
University of Hong Kong, Australian National University (ANU), Australian National University (ANU) and ANU RSFAS
Downloads 55 (775,624)

Abstract:

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Consumption; Retirement expenditure; Affordability; Text analysis; Gender of decision maker

12.

Quantifying and Hedging Economic Risk in Disability Income Insurance Portfolios

Number of pages: 27 Posted: 22 May 2024
Technische Universität München (TUM), Australian National University (ANU), University of Melbourne - Department of Economics and Macquarie University, Macquarie Business School
Downloads 49 (817,675)

Abstract:

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Disability income insurance, Moral hazard risk, Economic tracking portfolio, Hedging portfolio

13.

Constant Proportion Performance Participation

Number of pages: 45 Posted: 12 May 2024
Gaurav Khemka, Rudi Zagst and William Lim
Australian National University (ANU), Technische Universität München (TUM) - Chair of Mathematical Finance and Australian National University (ANU)
Downloads 42 (873,298)

Abstract:

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Investment strategies, Performance participation, CPPP, Portfolio insurance, CPPI, Stochastic dominance, Design of dominating strategies

14.

Money Illusion in Retirement Savings with a Minimum Guarantee

Number of pages: 35 Posted: 06 Dec 2023
Catherine Donnelly, Gaurav Khemka and William Lim
Heriot-Watt University, Australian National University (ANU) and Australian National University (ANU)
Downloads 42 (873,298)

Abstract:

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Inflation, Asset allocation, Constrained optimization, Retirement outcomes, Money Illusion

15.

Monotonicity of Savings Function in Endogenous Gridpoint Method with Stochastic Portfolio Returns

Number of pages: 12 Posted: 12 Jan 2024
Gaurav Khemka, Tiancheng Huang and Wing Fung Chong
Australian National University (ANU), Australian National University (ANU) and Heriot-Watt University - Department of Actuarial Mathematics and Statistics
Downloads 28 (1,009,242)

Abstract:

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Endogenous grid method, Stochastic portfolio returns, Monotonicity proof, Multidimensional continuous choice

16.

The Power of Human Capital in Lifecycles. Insights from a Flexible Framework

Number of pages: 33 Posted: 22 Feb 2025
William Lim, Gaurav Khemka and Marcos Escobar-Anel
Australian National University (ANU), Australian National University (ANU) and Western University
Downloads 24 (1,055,097)

Abstract:

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Utility maximization, Human capital modelling, Investor's life cycle, Borrowing costs, Welfare loss

17.

A Building Block Approach to Retirement Income Design

Journal of Pension Economics and Finance, volume 23, issue 4, 2024[10.1017/S1474747224000076]
Posted: 12 Mar 2024 Last Revised: 23 Dec 2024
Gaurav Khemka, Adam Butt and Shams Mehry
Australian National University (ANU), Australian National University - Research School of Finance, Actuarial Studies & Statistics and Australian National University (ANU)

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Retirement income, Building blocks, Mortality credits, Default design

18.

Interaction between Age Pension means testing and innovative income streams in Australia

Economic Record, volume 100, issue 331, 2024[10.1111/1475-4932.12832]
Posted: 19 Oct 2023 Last Revised: 23 Dec 2024
Olivia Ai, Adam Butt and Gaurav Khemka
Taylor Fry, Australian National University - Research School of Finance, Actuarial Studies & Statistics and Australian National University (ANU)

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Age Pension, Means Testing, Retirement, Annuities JEL codes C15, H55, J32

19.

Primer on Retirement Income Strategy Design and Evaluation

Society of Actuaries - Research Report 2023
Posted: 25 Jan 2023
Adam Butt, Gaurav Khemka, William Lim and Geoff Warren
Australian National University - Research School of Finance, Actuarial Studies & Statistics, Australian National University (ANU), Australian National University (ANU) and Australian National University (ANU) - Research School of Finance, Actuarial Studies and Statistics

Abstract:

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Retirement income strategies

20.

Heterogeneity in optimal investment and drawdown strategies in retirement

Pacific-Basin Finance Journal, Forthcoming
Posted: 20 Jan 2021 Last Revised: 27 Jun 2022
Adam Butt, Gaurav Khemka and Geoff Warren
Australian National University - Research School of Finance, Actuarial Studies & Statistics, Australian National University (ANU) and Australian National University (ANU) - Research School of Finance, Actuarial Studies and Statistics

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Retirement, Annuities, Utility Functions, Optimisation, Dynamic Programming

21.

How Academic Research Can Inform Default Superannuation Fund Design and Individual Financial Decision-Making

The Australasian Journal of Applied Finance, 2018, 1, 41-49.
Posted: 12 Dec 2018 Last Revised: 15 Jan 2019
Adam Butt, Gaurav Khemka and Luke Strickland
Australian National University - Research School of Finance, Actuarial Studies & Statistics, Australian National University (ANU) and Youi Insurance

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22.

Non-Parametric Integral Estimation Using Data Clustering in Stochastic Dynamic Programming: An Introduction Using Lifetime Financial Modelling

Risks, 5(4), 57
Posted: 28 Aug 2016 Last Revised: 13 Dec 2017
Gaurav Khemka and Adam Butt
Australian National University (ANU) and Australian National University - Research School of Finance, Actuarial Studies & Statistics

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Data-driven, Quadrature, Quasi-Monte Carlo, Retirement

23.

The Effect of Objective Formulation on Retirement Decision Making

Insurance: Mathematics and Economics, Vol. 64, 385-395
Posted: 08 Oct 2015
Adam Butt and Gaurav Khemka
Australian National University - Research School of Finance, Actuarial Studies & Statistics and Australian National University (ANU)

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Bootstrap Method, Simulation, Dynamic Programming, Optimization, Retirement