Results 41 to 50 of about 19,551 (204)
Converting Retirement Savings into Income: Annuities and Periodic Withdrawals [PDF]
, 2008 To a worker contemplating retirement, there is perhaps no more important question than “How long will my money last?” Congress has a strong interest in the income security of older Americans because much of their income is either provided directly from ...
Mulvey, Janemarie, Purcell, Patrick
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A unified pricing of variable annuity guarantees under the optimal stochastic control framework [PDF]
, 2016 In this paper, we review pricing of variable annuity living and death guarantees offered to retail investors in many countries. Investors purchase these products to take advantage of market growth and protect savings. We present pricing of these products
Luo, Xiaolin, Shevchenko, Pavel V.
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The Economic History Review, EarlyView.Abstract During the high and late Middle Ages, the European economy witnessed the emergence and substantial growth of capital markets, a phenomenon connected to urbanization and pestilence, both of which brought profound changes to the social, legal, and economic positions of women.
Anna Molnár
wiley +1 more source
The Economic History Review, EarlyView.Abstract One of the most contentious issues in the study of the Atlantic slave trade is the profitability of the trade. In this paper, we contribute by pooling all available data on transatlantic slave ship voyage accounts into a joint dataset. This dataset includes data from a period of 100 years (1730–1830) and from five nations (Denmark, France ...
Klas Rönnbäck +4 more
wiley +1 more source
“THE NORMAL EXCEPTION”: “MICROANALYSIS AND SOCIAL HISTORY” (1977)*
History and Theory, EarlyView.ABSTRACT “The normal exception” has long been a slogan of microhistory. This oxymoronic phrase is the iconic rendering of an incidental sentence that appeared in a 1977 article published by Edoardo Grendi in the Italian journal Quaderni storici, which functioned as the incubator of Italian microhistory.
EDOARDO GRENDI
wiley +1 more source
Optimal gradual annuitization : quantifying the costs of switching to annuities [PDF]
, 2007 We compute the optimal dynamic asset allocation policy for a retiree with Epstein-Zin utility. The retiree can decide how much he consumes and how much he invests in stocks, bonds, and annuities.
Horneff, Wolfram J. +2 more
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How Does Progressivity Affect the Tax Cut Multiplier?
International Economic Review, EarlyView.ABSTRACT How does the targeting of personal income tax cuts affect the output multiplier? This paper provides quantitative evidence using a heterogeneous‐agent New‐Keynesian model calibrated to match US distributions of income, wealth, marginal tax rates, and marginal propensities to consume.
Christian Gillitzer
wiley +1 more source
Retirement Annuity Design in an Inflationary Climate [PDF]
This paper examines the tilt and risk-return characteristics of real retirement incomes provided by variable annuities tied to bills, long-term bonds, stocks and a mixed portfolio which combines all three.
James E. Pesando, Zvi Bodie
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A Conversation With David Bellhouse
International Statistical Review, EarlyView.Summary David Richard Bellhouse was born in Winnipeg, Manitoba, on 19 July 1948. He studied actuarial mathematics and statistics at the University of Manitoba (BA, 1970; MA, 1972) and completed his PhD at the University of Waterloo, Ontario, in 1975. After being an Assistant Professor for 1 year at his alma mater, he joined the University of Western ...
Christian Genest
wiley +1 more source
Supermodular ordering and stochastic annuities. [PDF]
In this paper, we consider several types of stochastic annuities, for which an explicit expression of the distribution function is not available. We will construct a random variable with the same mean and which is larger in stop-loss order, for which the
Dhaene, Jan, Goovaerts, Marc
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