Portfolio decisions on life annuities and financial assets with longevity and income uncertainty [PDF]
There are two stylised facts, namely weak demand for life-annuities and flat age-wealth profile that contradict the life-cycle hypothesis. In this paper we design a theoretical framework, which combines plausible arguments, which have been put forward in
Susanne Pech
core
Redistribution by Insurance Market Regulation: Analyzing a Ban on Gender-Based Retirement Annuities [PDF]
This paper shows how models of insurance markets with asymmetric information can be calibrated and solved to yield quantitative estimates of the consequences of government regulation.
Casey Rothschild +2 more
core
Valuing Guaranteed Minimum Death Benefit Options in Variable Annuities Under a Benchmark Approach [PDF]
Variable annuities (VAs) represent a marked change from earlier life products in the guarantees that they offer and it is no longer possible to manage the risks of these liabilities using traditional actuarial methods.
S. Jaschke, Eckhard Platen, T. Marquardt
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Age dependent investing: Optimal funding and investment strategies in defined contribution pension plans when members are rational life cycle financial planners [PDF]
A defined contribution pension plan allows consumption to be redistributed from the plan member’s working life to retirement in a manner that is consistent with the member’s personal preferences.
Zhang, Yumeng +2 more
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When Do Annuity-Based Payments Help to Address the Affordability Challenge of Funding Advanced Therapies? Insights from a Budget Impact Simulation. [PDF]
J Mark Access Health PolicyVan Dyck W +5 more
europepmc +1 more source
The Role of Real Annuities and Indexed Bonds in an Individual Accounts Retirement Program [PDF]
We explore four issues concerning annuitization options that retirees might use in the decumulation phase of an individual accounts' retirement saving system. First, we investigate the operation of both real and nominal annuity individual annuity markets
Olivia S. Mitchell +2 more
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Securitization as a means to pay for cell and gene therapies for orphan diseases: a simulation study. [PDF]
Gene TherLu JM +3 more
europepmc +1 more source
Valuing Medieval Annuities: Were Corrodies Underpriced? [PDF]
Medieval bishops condemned and restricted the sale of corrodies (a type of annuity), partly on the grounds of their perceived unprofitability. The available data on the profitability of corrodies is limited and little analysed, and the episcopal ...
Adrian Bell, Charles Sutcliffe
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Are the Elderly Really Over-Annuitized? New Evidence on Life Insurance and Bequests [PDF]
This paper provides evidence against the hypothesis that elderly individuals with strong bequest motives purchase term life insurance to offset mandatory annuitization by the existing Social Security system.
Jeffrey R. Brown
core
What Can Economics Say about Alzheimer's Disease? [PDF]
J Econ Lit, 2023 Chandra A, Coile C, Mommaerts C.
europepmc +1 more source