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This paper studies the problem of redistribution between individuals having different mortality rates. We use a …
Persistent link: https://www.econbiz.de/10008748215
This paper studies the problem of redistribution between individuals having different mortality rates. We use a …
Persistent link: https://www.econbiz.de/10013138302
This paper studies the problem of redistribution between individuals having different mortality rates. We use a …
Persistent link: https://www.econbiz.de/10010854591
Persistent link: https://www.econbiz.de/10008550178
This paper studies the problem of redistribution between individuals having different mortality rates. We use a …
Persistent link: https://www.econbiz.de/10010574348
Almost fifty years ago in 1965, on the steps of the State Capital in Montgomery, Alabama, Dr. Martin Luther King, Jr., asked a crowd of twenty-five thousand "How long will prejudice blind the visions of men, darken their understanding, and drive bright-eyed wisdom from her sacred throne?" The...
Persistent link: https://www.econbiz.de/10013108895
probabilities, like tontines, in addition to traditional annuities. Preferences of agents are modeled by a generalized life … temporal risk aversion prefer to invest positive fractions of wealth in both annuities and tontines to full annuitization. In …
Persistent link: https://www.econbiz.de/10013212495
Persistent link: https://www.econbiz.de/10003859066
Persistent link: https://www.econbiz.de/10009270559
negative tax on annuities. Interestingly, our results depend on the value of life. …
Persistent link: https://www.econbiz.de/10010264575