Results 61 to 70 of about 19,551 (204)
The decumulation (payout) phase of defined contribution pillars - policy issues in the provision of annuities and other benefits [PDF]
Most countries reforming their pension system, focus more on the accumulation phase, than on the decumulation (pay-out), because the number of beneficiaries is likely to be small initially, especially if older workers are discouraged from joining the new
James, Estelle, Vittas, Dimitri
core
Selection in car insurance when claims are heterogeneous
Journal of Risk and Insurance, EarlyView.Abstract Econometric studies of insurance markets have analyzed the Positive Correlation Property to test for the presence of asymmetric information. Car‐insurance studies frequently compare policies purchasing Mandatory Third‐Party Liability alone with policies that purchase additional coverage and use the presence of a liability claim as a measure of
Edmund Cannon +2 more
wiley +1 more source
Variable Annuities and Systemic Risk
Annales des Mines - Réalités industrielles, 2020 This chapter argues that variable annuities may cause systemic risk in the insurance sector. Life insurers, in particular in the US, have transformed their business by moving from largely diversifiable activities to taking on market risk. This exacerbated by the fact the variable annuities are typically supplemented with guarantees. Such guarantees are
openaire +2 more sources
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 +3 more
wiley +1 more source
VARIABLE ANNUITIES: A NEW CONCEPT FOR MEETING INFLATION *) [PDF]
MAB, 1956 William C. Greenough
doaj +3 more sources
Optimal Portfolio Choice with Annuitization [PDF]
We study the optimal consumption and portfolio choice problem over an individual's life-cycle taking into account annuity risk at retirement. Optimally, the investor allocates wealth at retirement to nominal, inflation-linked, and variable annuities and ...
Koijen, R.S.J. +2 more
core +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
The Quality of Clarity: Lessons from the Sixty‐Year Struggle to Maintain the Purity of Lake Taupō
Kōtuitui: New Zealand Journal of Social Sciences Online, Volume 21, Issue 2, June 2026.Sixty years of effort to protect the exceptionally clear water of Lake Taupō, the largest lake in Aotearoa New Zealand, show how environmental memory can help manage a cultural and natural resource. I describe how water clarity and quality in this lake have been protected, through managing soil erosion and phosphorus flows during the 1960s–1980s, and ...
Jonathan West
wiley +1 more source
Household Ownership of Variable Annuities [PDF]
Jeffrey R. Brown, James M. Poterba
openaire +2 more sources
The Gender Gap in Financial Literacy—The Role of Response Behavior
Journal of Consumer Affairs, Volume 60, Issue 2, Summer 2026.ABSTRACT The gender gap in financial literacy favoring men is a well‐documented phenomenon. Research reveals that women more frequently opt for the “do not know” (DK) response option than men. As the gender gap in financial literacy is evident at a young age and should be counteracted early, we focus on a sample of German adolescents (N = 1958) and ...
Lucy Haag, Luis Oberrauch, Taiga Brahm
wiley +1 more source