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.
Justin van de Ven, Martin Weale
core
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
The evolution from life insurance to financial engineering. [PDF]
Geneva Risk Insur Rev, 2021 Koijen RSJ, Yogo M.
europepmc +1 more source
Optimizing the Retirement Portfolio: Asset Allocation, Annuitization, and Risk Aversion [PDF]
Retirees must draw down their accumulated assets in an orderly fashion so as not to exhaust their funds too soon. We derive the optimal retirement portfolio from a menu that includes payout annuities as well as an investment allocation and a withdrawal ...
Ivica Dus +3 more
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A State-Space Estimation of the Lee-Carter Mortality Model and Implications for Annuity Pricing
, 2015 In this article we investigate a state-space representation of the Lee-Carter model which is a benchmark stochastic mortality model for forecasting age-specific death rates.
Fung, Man Chung +2 more
core +1 more source
Longevity Risk and Natural Hedge Potential in Portfolios Of Life Insurance Products: The Effect of Investment Risk [PDF]
Payments of life insurance products depend on the uncertain future evolution of survival probabilities. This uncertainty is referred to as longevity risk.
De Waegenaere, A.M.B. +2 more
core +1 more source
International Adverse Selection in Life Insurance and Annuities [PDF]
This paper evaluates the extent of adverse selection in life insurance and annuities in international markets, for both group and individual products.
David McCarthy, Olivia S. Mitchell
core
Why Was There More Household Stock Market Participation During the COVID-19 Pandemic? [PDF]
Financ Res Lett, 2022 Zheng W, Li B, Huang Z, Chen L.
europepmc +1 more source
The decumulation (payout) phase of defined contribution pillars - policy issues in the provision of annuities and other benefits [PDF]
Most countries reforming their pension system, focus more on the accumulation phase, than on the decumulation (pay-out), because the number of beneficiaries is likely to be small initially, especially if older workers are discouraged from joining the new
James, Estelle, Vittas, Dimitri
core
The optimal legal retirement age in an OLG model with endogenous labour supply [PDF]
The long run welfare implications of the legal retirement age are studied in a perfect foresight overlapping-generations model where agents live for two periods.
Hansen, Casper Worm, Lønstrup, Lars
core