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LONGEVITY INSURANCE: A MISSING MARKET
CREIGHTON, ADAM; JIN, HENRY HONGBO; PIGGOTT, JOHN; … - In: The Singapore Economic Review (SER) 50 (2005) sp, pp. 417-435
paper reviews theory and practice relating to longevity risk and insurance, amid a rapidly changing demographic and policy …
Persistent link: https://www.econbiz.de/10005050740
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Health Cost Risk and Optimal Retirement Provision : A Simple Rule for Annuity Demand
Nijman, Theo; Werker, Bas J.M.; Peijnenburg, J.M.J. - Tilburg University, Center for Economic Research - 2010
cost risk early in retirement may resolve the annuity puzzle. Moreover, we explain the observed pattern of annuitization as … for annuity demand, based on expected health cost risk early in retirement, wealth at retirement, and minimum consumption …We analyze the effect of health cost risk on optimal annuity demand and consumption/savings decisions. Many retirees …
Persistent link: https://www.econbiz.de/10011092924
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Optimal Annuitization with Incomplete Annuity Markets and Background Risk During Retirement
Nijman, Theo; Werker, Bas J.M.; Peijnenburg, J.M.J. - Tilburg University, Center for Economic Research - 2010
We examine incomplete annuity menus and background risk as possible drivers of divergence from full annuitization … after retirement. This holds irrespective of whether real or only nominal annuities are available. Whenever liquidity is … desired, individuals save sizeable amounts out of their annuity income to smooth consumption shocks. Similarly, adding …
Persistent link: https://www.econbiz.de/10011090908
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Life Quantity, Life Quality and Longevity : an Intertemporal Social Evaluation framework
Duclos, Jean-Yves; Housseini, Bouba - Centre Interuniversitaire sur le Risque, les Politiques … - 2013
The evaluation of development processes and of public policies often involves comparisons of social states in which populations differ in size and longevity. This requires social evaluation principles to be sensitive to both the number and the length of lives. This paper explores the use of...
Persistent link: https://www.econbiz.de/10010671483
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Fiscal policy, wealth divergence, and lifetime utility
Ono, Yoshiyasu; Ikeda, Shinsuke - In: Journal of Economics 64 (1996) 3, pp. 265-280
Persistent link: https://www.econbiz.de/10005810115
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The welfare of poorer older people in Belgium and the Netherlands :An application of quantile regression
Capéau, Bart; Pacolet, Jozef - In: Brussels Economic Review 52 (2009) 1, pp. 5-33
On the basis of the SHARE data, we estimate age-conditional quantiles at the 5th, 10th, 15th, 20th, 25th and 50th percentile levels for equivalised gross income, net financial assets and consumption levels, as well as for a (remaining) lifetime utility indicator of people over the age of 50 in...
Persistent link: https://www.econbiz.de/10008868099
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A modo de conclusión : la transición de una situación a otra en derecho laboral [número especial: reflexiones cruzadas sobre el trabajo y su porvenir]
Lyon-Caen, Gérard - International Labour Organization (ILO), United Nations - 1996
Assesses the state of labour law, and reflects on the nature and future of work, on the ideas involved and the historical process through which it has passed. Compares the concepts of work vs training, remunerated vs non- remunerated work, wage employment vs self-employment, and private vs...
Persistent link: https://www.econbiz.de/10010690092
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Basic Investment Theory Explained
Cahill, Kevin E.; Soto, Mauricio - Center for Retirement Research (CRR), Boston College - 2004
retirement savings to the bull market of the late 1990s saw their portfolio shrink, often in dramatic fashion. Now that the stock … returns on their retirement savings? In spite of the large fluctuations in the market, most investment advisors still offer … based on widely-accepted results of economic and financial theory. In fact, theory emphasizes that the typical investor …
Persistent link: https://www.econbiz.de/10005627494
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Hyperbolic Discounting and Economic Policy
Benedek, Nagy - In: Review of Economic Perspectives 10 (2010) 3, pp. 71-86
Economic policy-making often entails comparison between immediate costs and flows of future benefits or immediate benefits and series of future costs. Economics has a tool to handle such comparisons: the present- and future value calculations and the net present value rule. Experimental...
Persistent link: https://www.econbiz.de/10011007997
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Hyperbolic Discounting and Economic Policy
Benedek, Nagy - In: Review of Economic Perspectives 10 (2010) 3, pp. 71-86
<p>Economic policy-making often entails comparison between immediate costs and flows of future benefits or immediate benefits and series of future costs. Economics has a tool to handle such comparisons: the present- and future value calculations and the net present value rule. Experimental...</p>
Persistent link: https://www.econbiz.de/10010534006