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
core
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
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
core
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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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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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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Redefining the role of the transfusion medicine physician in the era of advanced cellular therapies
Transfusion, EarlyView.
Eric A. Gehrie, Kevin J. Land
wiley +1 more source
How Do Retirees Value Life Annuities? Evidence from Public Employees [PDF]
Economists have long been puzzled by the low demand for life annuities. To shed new light on this puzzle, we study payout choices in the Oregon Public Employees Retirement System, where each retiree must choose between a lump sum and a life annuity ...
Jonathan Reuter, John Chalmers
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The evolution from life insurance to financial engineering. [PDF]
Geneva Risk Insur Rev, 2021 Koijen RSJ, Yogo M.
europepmc +1 more source
A summary and update of developing annuities markets : the experience of Chile [PDF]
The rapid growth of the market for retirement products in Chile has its origins in the pension reform that was implemented in 1981. But the successful development of an active annuity market also reflects many other factors.
Rudolph, Heinz P., Rocha, Roberto
core