Decaying Asymmetric Information and Adverse Selection in Annuities [PDF]
This paper develops an equilibrium model of the annuities market where agents have private information about their mortality, and where the predictive value of this information decays over time. The paper shows that in this case, insurance companies will
David McCarthy
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Impacto sobre a renda per capita de longo prazo dos sistemas previdenciários de repartição
Economia Aplicada, 1998 In this paper we developed an overlapping generation model in continuos time. The life span of the households has two stages. The first stage begins after birth and ends at the age of retirement.
Samuel de Abreu Pessôa
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Why Was There More Household Stock Market Participation During the COVID-19 Pandemic? [PDF]
Financ Res Lett, 2022 Zheng W, Li B, Huang Z, Chen L.
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Competition in markets for life insurance [PDF]
This report presents an empirical analysis of competition in the market for life insurance. In this market, financial advisors play a large role. Therefore, the report devotes considerable attention to the functioning of the market for financial advice ...
Michiel Bijlsma +3 more
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On the distribution of life annuities with stochastic interest rates. [PDF]
In the traditional approach to life contingencies only decrements are assumed to be stochastic. In this contribution we consider the distribution of a life annuity (and a portfolio of life annuities) when also the stochastic nature of interest rates is ...
Darkiewicz, Grzegorz +2 more
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Optimal reinsurance programs for a portfolio of life annuities [PDF]
Insurance Markets and Companies, 2012 Paolo De Angelis +2 more
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Lifecycle Portfolio Choice with Systematic Longevity Risk and Variable Investment-Linked Deferred Annuities [PDF]
This paper assesses the impact of variable investment-linked deferred annuities (VILDAs) on lifecycle consumption, saving, and portfolio allocation patterns given stochastic and systematic mortality.
Raimond Maurer +3 more
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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.
James Poterba, Amy Finkelstein
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Note on the Optimum Pricing of Annuities [PDF]
In a perfectly competitive market for annuities with full information, the price of annuities is equal to individuals’ (discounted) survival probabilities. That is, prices are actuarially fair. In contrast, the pricing implicit in social security systems
Eytan Sheshinski
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Lucha de bandos y beneficios eclesiásticos en los encastillamientos de Ciudad Rodrigo (1475-1520)
Studia Historica. Historia Medieval, 2009 RESUMEN: La rivalidad banderil de los últimos años del siglo XV y los primeros del XVI que enfrentó en Ciudad Rodrigo a los principales linajes de la ciudad, se extendió también al estamento eclesiástico.
José Ignacio MARTÍN BENITO +1 more
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