Surprises in a Growing Market Niche - An Evaluation of the German Private Annuities Market [PDF]
High replacement rates from public old age insurance might lead to the belief that little room is left for private sector annuities in Germany. Taking a closer look, we find a small market with a surprisingly large variety of products.
von Gaudecker, Hans-Martin +1 more
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Developing Annuities Markets : The Experience of Chile
, 2007 Demographic aging strains pension systems around the world, leading frequently to large pension expenditures and deficits. The increasing awareness of a looming pension crisis has led to a wave of pension
Thorburn, Craig, Rocha, Roberto
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Generalizacija kontinuiranog ukamaćivanja i strategije otplate duga
Economic Analysis, 2019 Using the principle of continous capitalization the general law of capitalization is derived when original capital is time changeable. In particular, continuous debt management is considered.
Drago Francisković
doaj +2 more sources
Rational and Behavioral Perspectives on the Role of Annuities in Retirement Planning [PDF]
This paper discusses the role of annuities in retirement planning. It begins by explaining the basic theory underlying the individual welfare gains available from annuitizing resources in retirement.
Jeffrey R. Brown
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Opportunities and challenges surrounding financial models for high-investment medications: A survey of access decision-makers and employers. [PDF]
J Manag Care Spec Pharm, 2023 Lopata E, Terrone C, Gopalan A.
europepmc +1 more source
Annuities and Aggregate Mortality Uncertainty [PDF]
This paper explores the effect of aggregate mortality risk on thepricing of annuities. It uses a two-period model; in the second period people face a constant but intiially unknown risk of death.
Martin Weale, Justin van de Ven
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Individual Welfare Gains from Deferred Life-Annuities under Stochastic Lee-Carter Mortality [PDF]
A deferred annuity typically includes an option-like right for the policyholder. At the end of the deferment period, he may either choose to receive annuity payouts, calculated based on a mortality table agreed to at contract inception, or receive the ...
Thomas Post
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THE BEQUEST MOTIVE AND SINGLE PEOPLE’S DEMAND FOR LIFE ANNUITIES [PDF]
The main objective of this paper is to go deeper into the “annuity puzzle” by introducing the altruistic and strategic bequest motive and determining whether this really is a relevant factor affecting the theoretical decision to purchase life annuities ...
ANA LEJÁRRAGA-GARCÍA +1 more
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Decaying Asymmetric Information and Adverse Selection in Annuities [PDF]
This paper develops an equilibrium model of the annuities market where agents have private information about their mortality, and where the predictive value of this information decays over time. The paper shows that in this case, insurance companies will
David McCarthy
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Selection Effects in the Market for Individual Annuities: New Evidence from the United Kingdom [PDF]
This paper presents new evidence on the importance of adverse selection in individual annuity markets. It focuses on the individual annuity market in the United Kingdom, which provides an excellent empirical setting for studying selection effects.
James Poterba, Amy Finkelstein
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