The Economic Theory of Annuities /
Autor principal: | |
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Formato: | Electrónico eBook |
Idioma: | Inglés |
Publicado: |
Woodstock, Oxfordshire [England] :
Princeton University Press,
2008.
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Colección: | Book collections on Project MUSE.
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Temas: | |
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).