The economic theory of annuities /

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"Groundbreaking in its scope, The Economics Theory of Annuities offers readers a theoretical analysis of the functioning of private annuity markets. Starting with a general analysis of survival functions, stochastic dominance, and characterization of changes in longevity, Eytan Sheshinski deriv...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Sheshinski, Eytan (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Princeton, N.J. : Princeton University Press, 2008.
Temas:
Annuities.
Annuités.
BUSINESS & ECONOMICS / Economics / Theory
Science économique.
Assurance vie.
Assurance vieillesse.
Marché du travail.
Marché financier.
Modèles économiques.
Valeurs mobilières.
Analyse économique.
Annuities
Rentenversicherung
Versicherungsbetriebslehre
Annuites.
assurance vie > mathematiques actuarielles.
Livränta.
Finance Act.
Lagrange multiplier.
Pareto optimality.
Ulpianus, Domitius.
World Bank.
adverse selection.
after-tax retirement annuities (ATRA).
age composition effect.
aggregate resource constraint.
annuity puzzle.
asymmetric information.
behavioral models.
bequests.
bounded rationality.
bundling.
certainty equivalence.
consumption: after retirement.
cost effects.
cross-subsidization.
demand elasticity.
disability benefits.
envelope theorem.
equilibrium.
expected lifetime utility.
fertility rate.
full annuitization.
game theory.
general equilibrium effect.
government.
hazard rate.
hyperbolic discounters.
information.
insurance.
investment.
labor utility.
life expectancy.
liquidity.
longevity.
markets.
national defined contribution systems.
normal retirement age (NRA).
optimum commodity taxation.
pension funds.
pooling equilibrium.
refundable annuities.
reverse life insurance.
risk class.
self selection.
sequential equilibrium.
taxes.
unintended bequests.
wages.
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Introduction
  • Benchmark calculations : savings and retirement
  • Survival functions, stochastic dominance, and changes in longevity
  • Life cycle model with longevity risk : first best and competitive equilibrium
  • Comparative statics, discounting, partial annuitization, and no annuities
  • Subjective beliefs and survival probabilities
  • Moral hazard
  • Uncertain future survival functions
  • Pooling equilibrium and adverse selection
  • Income uncertainty
  • Life insurance and differentiated annuities
  • Annuities, longevity, and aggregate savings
  • Utilitarian pricing of annuities
  • Optimum taxation in pooling equilibria
  • Bundling of annuities and other insurance products
  • Financial innovation : refundable annuities (annuity options).

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