Results 61 to 70 of about 2,286 (186)

Learning in the Limit: Income Inference from Credit Extensions

The Journal of Finance, EarlyView.
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

Exploring Multivariate Copula Models and Fuzzy Interest Rates in Assessing Family Annuity Products

JTAM (Jurnal Teori dan Aplikasi Matematika)
This research explores the development of a reversionary annuity product transformed into a family annuity covering three individuals: husband, wife, and children.
Kurnia Novita Sari, Ady Febrisutisyanto, Randi Deautama, Nursiti Azirah, Pida Mahani   +4 more
doaj   +1 more source

Employee savings in defined contribution plans: Evidence from age‐based policies in employer plans

Journal of Risk and Insurance, EarlyView.
Abstract Retirement saving is a critical form of self‐insurance at older ages, but ensuring that such savings are adequate remains a challenge in the United States. This is especially true for those who save through defined contribution (DC) plans, in which participants are responsible for setting both the amount and the investment strategy.
Brent J. Davis, Anita Mukherjee, Mingli Zhong   +2 more
wiley   +1 more source

Preferences for annuity, critical illness, and long‐term care insurance portfolios: Evidence from an online survey

Journal of Risk and Insurance, EarlyView.
Abstract In many low‐ and middle‐income countries, social insurance provides basic pension benefits with limited cover for illness and care costs, while private insurance markets are underdeveloped. Using an online survey of retirement portfolio choices in urban China, we examined the stated demand for longevity, critical illness, and long‐term care ...
Cheng Wan, Hazel Bateman, Hanming Fang, Katja Hanewald   +3 more
wiley   +1 more source

Pricing Life Contingencies Linked to Impaired Life Expectancies Using Intuitionistic Fuzzy Parameters

Risks
Several life contingency agreements are based on the assumption that policyholders have impaired life expectancy attributable to factors, such as lifestyle, social class, or preexisting health issues.
Jorge de Andrés-Sánchez
doaj   +1 more source

Design and pricing of private long‐term care insurance: An Australian analysis

Journal of Risk and Insurance, EarlyView.
Abstract Private long‐term care insurance (LTCI) is unavailable in many countries, including Australia, where individuals rely on government support and retirement savings for aged care. This study explores the design and pricing of private LTCI products covering out‐of‐pocket costs, using a model of chronic illness and disability in Australia.
Kyu Park, Michael Sherris
wiley   +1 more source

Hybrid retirement strategy in South Africa

South African Journal of Economic and Management Sciences
Background: Many retirees in South Africa face the challenge of either outliving their retirement savings or living below their means. Studies suggest a ‘safe’ withdrawal rate of between 4% and 5%, which is below the average fund size-weighted drawdown ...
Andries J. van Niekerk, Vasili Moutzouris, Eben Maré   +2 more
doaj   +1 more source

Representation, medical examination, and the effectiveness of underwriting: Evidence from a life and health insurance company

Risk Management and Insurance Review, EarlyView.
Abstract This study examines whether underwriting methods—representation, medical examination, extra premiums, and coverage—effectively mitigate adverse selection using data from an insurance company. Regarding representation, we focus on statements disclosing pre‐existing medical conditions.
Chia‐Ling Ho, Gene Lai, Chen‐Hsu Liao, Zifen Zeng   +3 more
wiley   +1 more source

Social welfare effects of annuitization in small open economies

The Scandinavian Journal of Economics, EarlyView.
Abstract This paper develops a theory of when annuitization improves or reduces social welfare. The analysis is based on a small open economy with exogenous prices, populated by overlapping generations of non‐altruistic agents. Annuities provide longevity risk insurance and above‐market returns, but also reduce accidental bequests that transfer ...
Tim D. Maurer
wiley   +1 more source

MENENTUKAN FORMULA CADANGAN PREMI ASURANSI JIWA LAST SURVIVOR MENGGUNAKAN METODE NEW JERSEY

E-Jurnal Matematika, 2019
Last survivor life insurance is a type of life insurance for two or more people, with premium payment up to the last death of the insured and at that time also provide the benefit from the insurer.
I GUSTI AGUNG GEDE DWIPAYANA, I NYOMAN WIDANA, KARTIKA SARI   +2 more
doaj   +1 more source