Results 51 to 60 of about 6,587,536 (188)
The Economic History Review, EarlyView.Abstract To persuade creditors to lend, cities in the Low Countries relied on a community responsibility system that made all citizens personally liable for public debt. This exposed itinerant citizens to significant risks: their merchandise could be confiscated by creditors, and they could even be imprisoned for debt.
Jaco Zuijderduijn
wiley +1 more source
Evaluation of variable annuity guarantees with the effect of jumps in the asset price process
Cogent Economics & Finance, 2017 Financial crisis in 2007–2008 have caused losses to life insurance companies issuing variable annuities with guarantees. This is partly due to failure of variable annuity (VA) issuers to anticipate the large variations in asset prices during the ...
Mussa Juma +3 more
doaj +1 more source
Frailty and Risk Classification for Life Annuity Portfolios
Risks, 2016 Life annuities are attractive mainly for healthy people. In order to expand their business, in recent years, some insurers have started offering higher annuity rates to those whose health conditions are critical. Life annuity portfolios are then supposed
Annamaria Olivieri, Ermanno Pitacco
doaj +1 more source
Regional and local divergence in welfare provision in England and Wales, 1776–1815
The Economic History Review, EarlyView.Abstract This article uses the township‐level data on welfare expenditure and provision gathered by parish officers in England and Wales at three points between 1776 and 1815 to illuminate regional and local differences during the period. These data have been linked to geographic information system (GIS) mapping systems, facilitating the mapping of ...
John Broad
wiley +1 more source
Joint Life Annuities and Annuity Demand by Married Couples [PDF]
This paper explores the value of purchasing joint life annuities for married couples. It describes the existing market for joint life annuities, and summarizes the range of annuity products that are currently available to couples.
James M. Poterba, Jeffrey R. Brown
core
Gray Divorce After 50: A Scoping Review of Antecedents, Consequences, and Family‐Theoretical Gaps
Journal of Family Theory &Review, EarlyView.ABSTRACT Gray divorce, marital dissolution at Age 50 and older, has become an increasingly important family transition with implications for later‐life kinship, economic security, intergenerational ties, and postmarital adjustment. This scoping review maps antecedents, outcomes, moderators, and family‐theory gaps across 25 empirical studies published ...
Lawrence E. Ugwu +2 more
wiley +1 more source
Optimum Taxation of Life Annuities [PDF]
The market for private life annuities is characterised by adverse selection, that is, contracts offer lower than fair payoffs to individuals with low life expectancy. Moreover, life expectancy and income have been found to be positively correlated.
Johann K. Brunner, Susanne Pech
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Pricing of Longevity Derivatives and Cost of Capital
Risks, 2019 Annuities providers become more and more exposed to longevity risk due to the increase in life expectancy. To hedge this risk, new longevity derivatives have been proposed (longevity bonds, q-forwards, S-swaps…).
Fadoua Zeddouk, Pierre Devolder
doaj +1 more source
Longevity, Health, and Housing Risk Management in Retirement
The Journal of Finance, EarlyView.ABSTRACT Annuities, long‐term care insurance, and reverse mortgages remain puzzlingly unpopular to manage post‐retirement longevity, health, and housing price risks. We use a flexible life‐cycle model structurally estimated with a unique stated‐preference survey experiment of Canadian households to understand why. Key factors include high risk aversion,
PIERRE‐CARL MICHAUD, PASCAL ST‐AMOUR
wiley +1 more source
International Adverse Selection in Life Insurance and Annuities [PDF]
This paper evaluates the extent of adverse selection in life insurance and annuities in international markets, for both group and individual products.
David McCarthy, Olivia S. Mitchell
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