The calculus of retirement income : financial models for pension annuities and life insurance /
The book introduces and develops the basic actuarial models and underlying pricing of life-contingent pension annuities and life insurance from a unique financial perspective. The ideas and techniques are then applied to the real-world problem of generating sustainable retirement income towards the...
Call Number: | Libro Electrónico |
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Main Author: | |
Format: | Electronic eBook |
Language: | Inglés |
Published: |
Cambridge :
Cambridge University Press,
2006.
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Subjects: | |
Online Access: | Texto completo |
Table of Contents:
- Introduction and motivation
- Modeling the human life-cycle
- Models of human mortality
- Valuation models of deterministic interest
- Models of risky financial investments
- Models of pension life annuities
- Models of life insurance
- Models of DB vs. DC pensions
- Sustainable spending at retirement
- Longevity insurance revisited
- Options within variable annuities
- The utility of annuitization
- Final words.