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Pensions may be provided for in a modern society by a mix of several methods, namely by voluntary individual savings … workers decide on their own individual savings, that the fully-funded occupational system is decided upon by the age cohort of … interests of the different groups are only partly coinciding. For a given demography and interest rate, the joint result of the …
Persistent link: https://www.econbiz.de/10012160984
Pensions may be provided for in a modern society by a mix of several methods, namely by voluntary individual savings … workers decide on their own individual savings, that the fully-funded occupational system is decided upon by the age cohort of … interests of the different groups are only partly coinciding. For a given demography and interest rate, the joint result of the …
Persistent link: https://www.econbiz.de/10012154725
Pensions may be provided for in a modern society by several methods, viz., voluntary individual savings, mandatory … individual savings, that the fully funded occupational system is decided upon by the age cohort of the median worker and that … social security is decided upon by the median voter. For a given demography and interest rate the joint result of those …
Persistent link: https://www.econbiz.de/10011870742
Persistent link: https://www.econbiz.de/10012612965
Persistent link: https://www.econbiz.de/10001627270
This chapter describes the operation of both the compulsory pension annuity and voluntary annuity markets in the U.K. and evaluates prices using a money's worth approach. We find that the money's worth was about 0.90 to 2004 but it then fell to about 0.80, although there is uncertainty about the...
Persistent link: https://www.econbiz.de/10013136166
We explore the workings of the German private annuity market to evaluate whether annuities are delivering an adequate value for money by measuring their money's worth. We examine key features of the German private annuity market and give a comprehensive description of the main product groups,...
Persistent link: https://www.econbiz.de/10013136185
This chapter documents the substantial decline in traditional sources of longevity insurance, and shows that published statistics on the individual annuity market greatly overstate its size and growth. It considers whether the decline in annuitization rates is cause for concern. It then...
Persistent link: https://www.econbiz.de/10013136187
India will need to develop a robust annuity market if it is to enable its rapidly aging population to address longevity …
Persistent link: https://www.econbiz.de/10013136190
This chapter analyzes the structure of demand for retirement products in Sweden using both aggregate and individual data. We show that all occupational groups except white collar workers are more likely to choose a 5-year withdrawal rather than a life annuity, as are women and those with less...
Persistent link: https://www.econbiz.de/10013136191