The Economic Theory of Annuities / / Eytan Sheshinski.
Annuities are financial products that guarantee the holder a fixed return so long as the holder remains alive, thereby providing insurance against lifetime uncertainty. The terms of these contracts depend on the information available to insurance firms. Unlike age and gender, information about indiv...
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| Superior document: | Title is part of eBook package: De Gruyter Princeton University Press eBook-Package Backlist 2000-2013 |
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| Place / Publishing House: | Princeton, NJ : : Princeton University Press, , [2022] ©2008 |
| Year of Publication: | 2022 |
| Language: | English |
| Online Access: | |
| Physical Description: | 1 online resource (184 p.) :; 26 line illus. |
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Table of Contents:
- Frontmatter
- Contents
- Preface
- Chapter 1 Introduction
- Chapter 2 Benchmark Calculations: Savings and Retirement
- Chapter 3 Survival Functions, Stochastic Dominance, and Changes in Longevity
- Chapter 4 Life Cycle Model with Longevity Risk: First Best and Competitive Equilibrium
- Chapter 5 Comparative Statics, Discounting, Partial Annuitization, and No Annuities
- Chapter 6 Subjective Beliefs and Survival Probabilities
- Chapter 7 Moral Hazard
- Chapter 8 Uncertain Future Survival Functions
- Chapter 9 Pooling Equilibrium and Adverse Selection
- Chapter 10 Income Uncertainty
- Chapter 11 Life Insurance and Differentiated Annuities
- Chapter 12 Annuities, Longevity, and Aggregate Savings
- Chapter 13 Utilitarian Pricing of Annuities
- Chapter 14 Optimum Taxation in Pooling Equilibria
- Chapter 15 Bundling of Annuities and Other Insurance Products
- Chapter 16 Financial Innovation—Refundable Annuities (Annuity Options)
- References
- Index