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 ...
Raimond Maurer +3 more
core +2 more sources
Adverse Selection with individual- and joint-life annuities [PDF]
This paper includes couples on the demand side and analyses their implications on the problem of adverse selection in the annuity market. First, we examine the pooling equilibrium for individual-life annuities and show that in the presence of couples the
Susanne Pech
core
Capital Accumulation and Annuities in an Adverse Selection Economy [PDF]
This paper suggests that adverse selection problems in competitive annuity markets can generate quantity constrained equilibria in which some agents whose length of lifetime is uncertain find it advantageous to accumulate capital privately.
Martin S. Eichenbaum, Dan S. Peled
core
Surprises in a Growing Market Niche [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.
Carsten Weber +1 more
core
Valuing Guaranteed Minimum Death Benefit Options in Variable Annuities Under a Benchmark Approach [PDF]
Variable annuities (VAs) represent a marked change from earlier life products in the guarantees that they offer and it is no longer possible to manage the risks of these liabilities using traditional actuarial methods.
S. Jaschke, Eckhard Platen, T. Marquardt
core
VARIABLE ANNUITIES: A NEW CONCEPT FOR MEETING INFLATION *) [PDF]
MAB, 1956 William C. Greenough
doaj +3 more sources
Redistribution by Insurance Market Regulation: Analyzing a Ban on Gender-Based Retirement Annuities [PDF]
This paper shows how models of insurance markets with asymmetric information can be calibrated and solved to yield quantitative estimates of the consequences of government regulation.
Casey Rothschild +2 more
core
Betting on a long life: The role of subjective life expectancy in the demand for private pension insurance of german households [PDF]
With a view to investigating the presence of adverse selection, we analyze determinants of private pension insurance uptake of German households in a probit model.
Schulte, Katharina, Zirpel, Ulrike
core
Securitization as a means to pay for cell and gene therapies for orphan diseases: a simulation study. [PDF]
Gene TherLu JM +3 more
europepmc +1 more source
Local religious beliefs and insurance companies' risk-taking behaviour. [PDF]
Geneva Pap Risk Insur Issues Pract, 2022 Berry-Stölzle TR, Xu J.
europepmc +1 more source