Record:   Prev Next
Author Sheshinski, Eytan
Title The economic theory of annuities / Eytan Sheshinski
Imprint Princeton, N.J. ; Oxford : Princeton University Press, c2008
book jacket
 Economics Library  HG8790 S535 2008    AVAILABLE    30510100306168
Descript xv, 163 p. : ill. ; 24 cm
Note Includes bibliographical references and index
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)
Subject Annuities
Record:   Prev Next