Results 11 to 20 of about 2,273 (189)
Life Insurance and Annuity Demand under Hyperbolic Discounting
Risks, 2018 In this paper, we analyse and construct a lifetime utility maximisation model with hyperbolic discounting. Within the model, a number of assumptions are made: complete markets, actuarially fair life insurance/annuity is available, and investors have time-
Siqi Tang, Sachi Purcal, Jinhui Zhang
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Modelling Marital Reverse Annuity Contract in a Stochastic Economic Environment [PDF]
Statistika: Statistics and Economy Journal, 2022 In the paper, we present the methodology of calculating the benefit of a marriage reverse annuity using the multiple state model for marriage life insurance.
Joanna Dębicka +2 more
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The Wealth of Wealthholders. [PDF]
Rev Income WealthABSTRACT Wealth, though crucial for modeling economic behavior and understanding well‐being, is difficult to measure in surveys. This paper introduces a new, comprehensive account‐by‐account approach for eliciting asset holding. This approach is implemented in the Vanguard Research Initiative, a panel of wealthholders designed to yield high‐quality ...
Ameriks J +4 more
europepmc +2 more sources
Journal of Public Economic Theory, 2007 AbstractAnnuity contracts typically deliver a stream of income at a predetermined level in order to insure against the risk of longevity. This paper explores whether flexible annuities, which give subscribers the possibility to choose between different levels of annuity, are welfare enhancing.
openaire +2 more sources
Optimum taxation of life annuities [PDF]
Social Choice and Welfare, 2006 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Johann K. Brunner, Susanne Pech
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Immunization and Hedging of Post Retirement Income Annuity Products
Risks, 2017 Designing post retirement benefits requires access to appropriate investment instruments to manage the interest rate and longevity risks. Post retirement benefits are increasingly taken as a form of income benefit, either as a pension or an annuity ...
Changyu Liu, Michael Sherris
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Comparing South African annuity options at retirement
Journal of Economic and Financial Sciences, 2014 In this study various annuity strategies are compared for South African males who retired during the 30 years from 1960 to 1989. To this end, the present values of the monthly cash flows provided by 47 different annuity strategies are calculated and ...
Jeanie De Villiers-Strydom, Niel Krige
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Annuity as a form of compensation for future loss caused by torts [PDF]
Zbornik Radova: Pravni Fakultet u Novom Sadu, 2013 This paper analyzes annuity, as a periodical obligation, which can emanate either from a contract, as in the case of maintainance or life annuity contract, or from tort. In the latter case, it has the function to provide compensation for future loss, but
Salma Jožef
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Longevity Risk Measurement of Life Annuity Products
Risks, 2020 This paper captures and measures the longevity risk generated by an annuity product. The longevity risk is materialized by the uncertain level of the future liability compared to the initially foretasted or expected value.
Pauline Milaure Ngugnie Diffouo +1 more
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Time Restrictions on Life Annuity Benefits: Portfolio Risk Profiles
Risks, 2022 Due to the increasing interest in several markets in life annuity products with a guaranteed periodic benefit, the back-side effects of some features that may prove to be critical either for the provider or the customer should be better understood.
Annamaria Olivieri, Ermanno Pitacco
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