Results 81 to 90 of about 54,807 (241)
Joint Life Annuities and Annuity Demand by Married Couples [PDF]
This paper explores the value of purchasing joint life annuities for married couples. It describes the existing market for joint life annuities, and summarizes the range of annuity products that are currently available to couples.
James M. Poterba, Jeffrey R. Brown
core
Selection in car insurance when claims are heterogeneous
Journal of Risk and Insurance, EarlyView.Abstract Econometric studies of insurance markets have analyzed the Positive Correlation Property to test for the presence of asymmetric information. Car‐insurance studies frequently compare policies purchasing Mandatory Third‐Party Liability alone with policies that purchase additional coverage and use the presence of a liability claim as a measure of
Edmund Cannon +2 more
wiley +1 more source
The Australian annuity market [PDF]
In Australia, a means-tested old-age public pension is paid from general tax revenues. A full pension (equivalent to roughly a quarter of the average wage) is currently paid to more than half the aged population, and a reduced pension is paid to another ...
Knox, David
core
Risk Management and Insurance Review, EarlyView.Abstract This study examines whether underwriting methods—representation, medical examination, extra premiums, and coverage—effectively mitigate adverse selection using data from an insurance company. Regarding representation, we focus on statements disclosing pre‐existing medical conditions.
Chia‐Ling Ho +3 more
wiley +1 more source
Issues in the Issuance of Enhanced Annuities [PDF]
Two forces are about to create a growing market for Individual Annuities in the U. S. and Canada. First, the Post War Baby Boom (born 1946 to 1964) is inexorably moving into retirement.
Patricia Scahill, Robert L. Brown
core
Social welfare effects of annuitization in small open economies
The Scandinavian Journal of Economics, EarlyView.Abstract This paper develops a theory of when annuitization improves or reduces social welfare. The analysis is based on a small open economy with exogenous prices, populated by overlapping generations of non‐altruistic agents. Annuities provide longevity risk insurance and above‐market returns, but also reduce accidental bequests that transfer ...
Tim D. Maurer
wiley +1 more source
The Economics of Bequests in Pensions and Social Security [PDF]
Experience in private pension plans and recent policy discussions about investment-based reforms of Social Security suggest that some form of bequest is likely to be part of any such reform that is enacted.
Elena Ranguelova, Martin Feldstein
core
Trading death: the implications of annuity replication for the annuity puzzle, arbitrage, speculation and portfolios [PDF]
, 2015 Annuities are perceived as being illiquid financial instruments, and this has limited their attractiveness to consumers and their inclusion in financial models.
Sutcliffe, Charles
core +1 more source
Using Neural Networks to Price and Hedge Variable Annuity Guarantees
Risks, 2018 This paper explores the use of neural networks to reduce the computational cost of pricing and hedging variable annuity guarantees. Pricing these guarantees can take a considerable amount of time because of the large number of Monte Carlo simulations ...
Daniel Doyle, Chris Groendyke
doaj +1 more source
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.
Amy Finkelstein, James Poterba
core