Die Geburten starken Nachkriegsgenerationen profitieren vom jahrzehntelangen wirtschaftlichem Abschwung und haben einen beträchtlichen Wohlstand erarbeitet und erspart. Im Vergleich zu jüngeren und älteren Generationen ist ein subsantieller Teil ihres Vermögens in Immobilien gebunden. In den...

The last year has seen a transition inCASE’s activities, with the completionof our long-term programme for theEconomic and Social Research Council(ESRC) in January, results from whichwere brought together in a conferenceto celebrate the Centre’s tenthanniversary in January, with...

We consider the choices available to a defined contribution (DC) pension plan member at the time of retirement for conversion of his pension fund into a stream of retirement income...

We study the valuation of unit-linked life insurance contracts with surrender guarantees. Instead of solving an optimal stopping problem, we propose a more realistic approach accounting for policyholders’ rationality in exercising their surrender option. The valuation is conducted at the...