Results 81 to 90 of about 76,988 (229)
How Deep is the Annuity Market Participation Puzzle? [PDF]
Using UK microeconomic data, we analyze the empirical determinants of voluntary annuity market demand. We find that annuity market participation increases with financial wealth, life expectancy and education and decreases with other pension income and a ...
Alexander Michaelides +2 more
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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
Environmental Research LettersThe topic of biochar carbon removal (BCR), which refers to the pyrolysis of biomass, is increasingly being discussed as a potential solution for the long-term removal of carbon dioxide from the atmosphere.
Clara Lenk +3 more
doaj +1 more source
Individual Welfare Gains from Deferred Life-Annuities under Stochastic Lee-Carter Mortality [PDF]
A deferred annuity typically includes an option-like right for the policyholder. At the end of the deferment period, he may either choose to receive annuity payouts, calculated based on a mortality table agreed to at contract inception, or receive the ...
Thomas Post
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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
Adverse selection in the annuity market when payoffs vary over the time of retirement [PDF]
This paper investigates the effect of adverse selection and price competition on the private annuity market in a model with two retirement periods.
Johann K. Brunner, Susanne Pech
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The management of de-cumulation risks in a defined contribution environment [PDF]
, 2005 The aim of the paper is to lay the theoretical foundations for the construction of a flexible tool that can be used by pensioners to find optimal investment and consumption choices in the distribution phase of a defined contribution pension scheme.
Gerrard, R. J. G. +2 more
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EDIS, 2014 An annuity contract is purchased from a life insurance company. The individual gives the insurance company a lump-sum payment or a series of payments. In return, the company will provide a stream of payments to the individual.
Michael S. Gutter, Lisa Leslie
doaj +1 more source
The Impact of Health Status and Out-of-Pocket Medical Expenditures on Annuity Valuation [PDF]
This paper describes how differences in health status at retirement can influence the decision to purchase a life annuity. We extend previous research on annuitization decisions by incorporating the effect of health differentials via differences in ...
Cassio M. Turra, Olivia S. Mitchell
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The Quality of Clarity: Lessons from the Sixty‐Year Struggle to Maintain the Purity of Lake Taupō
Kōtuitui: New Zealand Journal of Social Sciences Online, Volume 21, Issue 2, June 2026.Sixty years of effort to protect the exceptionally clear water of Lake Taupō, the largest lake in Aotearoa New Zealand, show how environmental memory can help manage a cultural and natural resource. I describe how water clarity and quality in this lake have been protected, through managing soil erosion and phosphorus flows during the 1960s–1980s, and ...
Jonathan West
wiley +1 more source