Results 81 to 90 of about 6,587,536 (188)
Learning in the Limit: Income Inference from Credit Extensions
The Journal of Finance, Volume 81, Issue 5, Page 2729-2772, October 2026.ABSTRACT Combining a randomized controlled trial with administrative and survey data, this paper shows that credit limit extensions significantly increase total spending and income expectations. By controlling for changes in personal income expectations, the spending response to credit limit extensions weakens by approximately 30%.
XIAO YIN
wiley +1 more source
Tax incentives for private life annuities and the social security reform: Effects on consumption and on adverse selection [PDF]
In this paper we analyse several measures which are typically included in a social security reform: a cut in the social security benefits, an increase in the social security tax and tax incentives for the purchase of private life annuities, which have ...
Susanne Pech
core
Life Insurance Completeness: A Path to Hedging Mortality and Achieving Financial Optimization
RisksThis paper explores optimal consumption and investment strategies for agents facing mortality risk within a complete financial market. Departing from traditional frameworks, we leverage state-dependent utility theory, discounted by the state–price ...
Jaime A. Londoño
doaj +1 more source
Journal of Public Economic Theory, Volume 28, Issue 5, October 2026.ABSTRACT Mandated annuitization is often proposed to eliminate the inefficiency caused by the positive correlation between risk type and purchase level in insurance markets. We revisit this solution in a mandatory annuity program with partial waiver, which is empirically relevant.
Sau‐Him Paul Lau +2 more
wiley +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
core
Annuities for an Ageing World [PDF]
Substantial research attention has been devoted to the pension accumulation process, whereby employees and those advising them work to accumulate funds for retirement.
David McCarthy, Olivia S. Mitchell
core
Guaranteed Annuity Option Under Correlated and Regime-Switching Risks
RisksGuaranteed annuity options (GAOs) allow policyholders to convert accumulated funds into life annuities at maturity at a guaranteed minimum rate. Thus, insurers are exposed to both investment and longevity risks.
Jude Martin B. Grozen, Rogemar S. Mamon
doaj +1 more source
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
core
Adverse Selection with individual- and joint-life annuities [PDF]
This paper includes couples on the demand side and analyses their implications on the problem of adverse selection in the annuity market. First, we examine the pooling equilibrium for individual-life annuities and show that in the presence of couples the
Susanne Pech
core
Journal of Modern ScienceThe paper deals with the subject of the spatial development plan as a key instrument for managing the development of a municipality. The essence of the spatial planning process is presented, as well as the applicable legal rules and procedures for the ...
Dagny Derewiecka +4 more
doaj +1 more source