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...

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Bibliographic Details
Call Number:Libro Electrónico
Main Author: Milevsky, Moshe Arye, 1967-
Format: Electronic eBook
Language:Inglés
Published: Cambridge : Cambridge University Press, 2006.
Subjects:
Old age pensions > Mathematical models.
Annuities > Mathematical models.
Retirement income > Mathematical models.
Pensions de vieillesse > Modèles mathématiques.
Annuités > Modèles mathématiques.
Revenu de retraite > Modèles mathématiques.
BUSINESS & ECONOMICS > Insurance > General.
Altersversorgung
Mathematisches Modell
Actuariële wetenschappen.
Pensioen.
Levensverzekering.
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.

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