Can “compulsory” annuities provide a fair pension?
, 2006 This discussion paper finds that since 2002 compulsory annuities no longer provide an actuarially fair pension. Hence annuities are a poor investment giving returns of less than 85% in present value terms.
FitzGerald, EMN
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Surprises in a Growing Market Niche - An Evaluation of the German Private Annuities Market [PDF]
High replacement rates from public old age insurance might lead to the belief that little room is left for private sector annuities in Germany. Taking a closer look, we find a small market with a surprisingly large variety of products.
von Gaudecker, Hans-Martin +1 more
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, 2013 In this article, we consider illiquid life annuity contracts and show that they may be preferred to Yaari (1965)'s liquid contracts. In an overlapping-generation economy, liquid life annuities are demanded only if the equilibrium is dynamically ...
d'Albis, Hippolyte, Etner, Johanna
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Dyspozycje majątkowe Izabeli z Poniatowskich Branickiej na wypadek śmierci
Kwartalnik Historii Kultury Materialnej, 2016 THE LAST WILL OF IZABELA BRANICKA NÉE PONIATOWSKA The article analyses the last will of Izabela Branicka née Poniatowska, written down on 3 Nov 1805, and documents appended to the will, which were termed codicils in the Prussian law.
Karol Łopatecki, Marta Kupczewska
doaj
La prima de riesgo recargada en un seguro de rentas: tarificación mediante el uso de una medida de riesgo coherente || The Risk Recharged Premium for a Survival Life Insurance: Recharged Premium through the Use of a Coherent Risk Measure [PDF]
Revista de Métodos Cuantitativos para la Economía y la Empresa, 2013 En este estudio se obtiene un principio de cálculo de primas, para el ramo de vida, basado en una medida de riesgo coherente, la esperanza distorsionada transformada proporcional del tanto instantáneo (Wang, 1995), que justifique la recomendación de ...
Hernández Solís, Montserrat +2 more
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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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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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The evolution from life insurance to financial engineering. [PDF]
Geneva Risk Insur Rev, 2021 Koijen RSJ, Yogo M.
europepmc +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.
James Poterba, Amy Finkelstein
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