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" The economic theory of annuities / "
Eytan Sheshinski.
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BL
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| Record Number
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951176
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| Doc. No
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b705546
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| Main Entry
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Sheshinski, Eytan.
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| Title & Author
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The economic theory of annuities /\ Eytan Sheshinski.
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| Publication Statement
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Princeton, N.J. :: Princeton University Press,, 2008.
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| Page. NO
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xv, 163 pages :: illustrations ;; 24 cm
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| ISBN
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0691133050
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: 9780691133058
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| Bibliographies/Indexes
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Includes bibliographical references (pages 153-156) and index.
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| Contents
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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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| Abstract
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"Groundbreaking in its scope, The Economics Theory of Annuities offers readers a theoretical analysis of the functioning of private annuity markets. Starting with a general analysis of survival functions, stochastic dominance, and characterization of changes in longevity, Eytan Sheshinski derives the demand for annuities using a model of individuals who jointly choose their lifetime consumption and retirement age."--Jacket.
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| Subject
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Annuities.
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Annuités.
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Analyse économique.
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Annuities.
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Annuities.
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Assurance vie.
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Assurance vieillesse.
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Livränta.
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Marché du travail.
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Marché financier.
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Modèles économiques.
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Rentenversicherung
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Science économique.
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Valeurs mobilières.
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Versicherungsbetriebslehre
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| Dewey Classification
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368.37
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| LC Classification
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HG8790.S534 2008
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| NLM classification
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QQ 640rvk
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