Mathematical Models for the Longevity Risk in the Annuity Market [PDF]
The markets for longevity derivatives are starting to develop. In last years, many companies have closed the defined benefit retirement plans that they used to offer to their employees. In addition, some governments increased the retirement age by 2 or 5
Iulian MIRCEA
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Life is Cheap: Using Mortality Bonds to Hedge Aggregate Mortality Risk [PDF]
Using the widely-cited Lee-Carter mortality model, we quantify aggregate mortality risk as the risk that the average annuitant lives longer than is predicted by the model, and we conclude that annuity business exposes insurance companies to substantial ...
Leora Friedberg, Anthony Webb
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Rational and Behavioral Perspectives on the Role of Annuities in Retirement Planning [PDF]
This paper discusses the role of annuities in retirement planning. It begins by explaining the basic theory underlying the individual welfare gains available from annuitizing resources in retirement.
Jeffrey R. Brown
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Betting on Death and Capital Markets in Retirement: A Shortfall Risk Analysis of Life Annuities versus Phased Withdrawal Plans [PDF]
How might retirees consider deploying the retirement assets accumulated in a defined contribution pension plan? One possibility would be to purchase an immediate annuity.
Raimond Maurer +2 more
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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
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Effects of COVID-19 early release of pension funds: The case of Chile. [PDF]
J Risk Insur, 2021 Lorca M.
europepmc +1 more source
A data-driven life cycle cost model for tender evaluation of metro pantograph carbon strips. [PDF]
Sci RepLiu J, Wu C.
europepmc +1 more source
Assessing Investment and Longevity Risks within Immediate Annuities [PDF]
Life annuities provide a guaranteed income for the remainder of the recipient’s lifetime, and therefore, annuitization presents an important option when choosing an adequate investment strategy for the retirement ages.
Weber, Frederik, Bauer, Daniel
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Development of Seawater Reverse Osmosis Configurations for Low- and High-Fouling Feedwaters: A Techno-Economic Review of FilmTec Membranes Performance. [PDF]
Membranes (Basel)Casañas Gonzalez A +2 more
europepmc +1 more source
Taxing Retirement Income: Nonqualified Annuities and Distributions from Qualified Accounts [PDF]
This paper explores the current tax treatment of non-qualified immediate annuities and distributions from tax-qualified retirement plans in the United States. First, we describe how immediate annuities held outside retirement accounts are taxed.
Olivia S. Mitchell +3 more
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