Results 211 to 220 of about 86,556 (273)

Optimal life insurance and annuity demand under hyperbolic discounting when bequests are luxury goods

Insurance, Mathematics & Economics, 2020
We operationalise the theoretical modelling of Marin-Solano and Jorge Navas (2010), seeking to understand the consequences for optimal consumption, life insurance and annuity demand in a time inconsistent world, by incorporating the insurance insights ...
Jinhui Zhang, S. Purcal, Jiaqin Wei
semanticscholar   +1 more source

Is mortality or interest rate the most important risk in annuity models? A comparison of sensitivity analysis methods

, 2020
Demographic and financial factors are key risk-drivers for insurance companies and pension funds. This paper proposes a systematic investigation for deepening our understanding how these risk drivers affect the annuity cost.
Giovanni Rabitti, E. Borgonovo
semanticscholar   +1 more source

Moment matching machine learning methods for risk management of large variable annuity portfolios

Journal of Economic Dynamics and Control, 2018
Thomas F Coleman
exaly   +2 more sources

Illiquid life annuities [PDF]

Journal of Public Economic Theory, 2017
AbstractIn this paper, we consider illiquid life annuity contracts and show that they may be preferred to those illustrated by Yaari. In an overlapping generations economy, liquid life annuities are demanded only if the equilibrium is dynamically inefficient.
d'Albis, Hippolyte, Etner, Johanna
openaire   +3 more sources

The Annuity Puzzle and an Outline of Its Solution

North American Actuarial Journal, 2018
In his seminal 1965 paper, Yaari showed that, assuming actuarially fair annuity prices, uncertain lifetimes, and no bequest motives, utility-maximizing retirees should annuitize all of their wealth on retirement.
C. Ramsay, V. I. Oguledo
semanticscholar   +1 more source

Navigating complex financial decisions at retirement: evidence from annuity choices in public sector pensions

Journal of Pension Economics and Finance, 2018
Choices regarding the disposition of wealth at retirement can have substantial implications for retirement income security. We analyze the factors determining annuity payout option choices within the context of a public sector defined pension plan with ...
Robert L. Clark, Robert G. Hammond, David Vanderweide   +2 more
semanticscholar   +1 more source

The Cost Of Medicaid Annuities

Health Affairs, 2006
Medicaid annuities are annuities that long-term care recipients use to shelter assets, thereby qualifying them early for Medicaid eligibility. As such, these annuities have the potential to increase Medicaid costs. This study estimates the cost of annuities to the Medicaid program.
Robert A, Levy, John A, Nyman, Mary, Gabay, William, Riley, Roger, Feldman   +4 more
openaire   +2 more sources

A note on the linear and annuity class of depreciation methods

International Journal of Production Economics, 2018
The following four elementary depreciation methods are often mentioned together in the literature: Nominal linear, real linear, nominal annuity, and real annuity. All four are shown to be special cases of one generic formula.
L. Jennergren
exaly   +2 more sources

AN ANALYSIS OF GROUP ANNUITIES*

The Journal of Finance, 1954
THE DRIVE FOR SECURITY since the depression of the 1930's has led to greatly increased interest and activity in the problems of old age due in part to the effects of the depression itself and in part to the increasing proportion of our population coming into the older age brackets.
openaire   +1 more source

Mandated annuities in Switzerland [PDF]

, 2004
Switzerland is one of the few countries with a relatively mature funded pension scheme. This paper offers a short description of the Swiss system, highlighting two specific areas for which previous experience is particularly valuable. Taking the Swiss example, firstly, it illustrates the importance of prudential regulation and adequate transparency ...
openaire   +2 more sources