Results 51 to 60 of about 7,961 (189)
Actuarial values calculated using the incomplete Gamma function
Statistica, 2013 The complete expectation-of-life for a person and the actuarial present value of continuous life annuities are defined by integrals. In all of them at least one of the factors is a survival function value ratio. If de Moivre’s law of mortality is chosen,
Giovanni Mingari Scarpello +2 more
doaj +1 more source
Regional and local divergence in welfare provision in England and Wales, 1776–1815
The Economic History Review, EarlyView.Abstract This article uses the township‐level data on welfare expenditure and provision gathered by parish officers in England and Wales at three points between 1776 and 1815 to illuminate regional and local differences during the period. These data have been linked to geographic information system (GIS) mapping systems, facilitating the mapping of ...
John Broad
wiley +1 more source
“Welfare Gains and Annuities Demand” [PDF]
This paper extends the annuity demand theory, giving new reasons for the small annuities demand. Regarding this problem, Yaari (1965) claims, under the condition that no one can die in debt, that a selfish consumer will fully annuitized her savings ...
Sanchez-Romero, Miguel
core
Gray Divorce After 50: A Scoping Review of Antecedents, Consequences, and Family‐Theoretical Gaps
Journal of Family Theory &Review, EarlyView.ABSTRACT Gray divorce, marital dissolution at Age 50 and older, has become an increasingly important family transition with implications for later‐life kinship, economic security, intergenerational ties, and postmarital adjustment. This scoping review maps antecedents, outcomes, moderators, and family‐theory gaps across 25 empirical studies published ...
Lawrence E. Ugwu +2 more
wiley +1 more source
Collective annuities and redistribution [PDF]
In a number of countries one observes a steady decline in defined benefits pensions schemes,public or private, funded or unfunded, and a simultaneous expansion of defined contributionsplans. One of the consequences of this trend is to deprive individuals
CREMER, Helmuth +2 more
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The Evolution of Interest‐Rate Models: From the Yield Curve to the Swaption Cube
Journal of Economic Surveys, EarlyView.ABSTRACT Interest‐rate modelling is often taught as a catalogue of competing stochastic equations, obscuring why models were created and why modern sell‐side desks use several simultaneously. This survey reorganises the field around five layers of a pricing architecture: curve construction; arbitrage‐free dynamics; volatility‐smile representation ...
Xuan Feng +2 more
wiley +1 more source
On annuities under random rates of interest [PDF]
In the article we consider accumulated values of annuities-certain with yearly payments with independent random interest rates. We focus on general annuities with payments varying in arithmetic and geometric progression which are important basic varying ...
Aleksander Weron +2 more
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Longevity, Health, and Housing Risk Management in Retirement
The Journal of Finance, EarlyView.ABSTRACT Annuities, long‐term care insurance, and reverse mortgages remain puzzlingly unpopular to manage post‐retirement longevity, health, and housing price risks. We use a flexible life‐cycle model structurally estimated with a unique stated‐preference survey experiment of Canadian households to understand why. Key factors include high risk aversion,
PIERRE‐CARL MICHAUD, PASCAL ST‐AMOUR
wiley +1 more source
On Gamma-Gompertz-Makeham Assurances and Life Annuities
Austrian Journal of StatisticsWe focus on the gamma-Gompertz-Makeham model, and derive useful structural properties for this mortality model. We provide the basic properties like moments, remaining life expectancy, single life annuity, among many others, in closed form, and so it ...
Fredy Castellares +2 more
doaj +1 more source
Journal of Financial Therapy, 2016 The study of personal mortality salience and the denial of death have a long history in psychology leading to the modern field of Terror Management Theory.
Russell N James III
doaj +1 more source