The Economic Theory of Annuities /

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Bibliographic Details
Main Author: Sheshinski, Eytan, (1937- ...) (Auteur.)
Format: Electronic eBook
Language:Inglés
Published: Woodstock, Oxfordshire [England] : Princeton University Press, 2008.
Series:Book collections on Project MUSE.
Subjects:
assurance vie > mathematiques actuarielles.
Annuites.
Annuities.
Electronic books.
Online Access:Texto completo
Table of Contents:
  • 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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