. -- longevity risk ; risk sharing ; overlapping generations ; intergenerational transfers ; annuity markets … redistribution of accidental bequests and private annuities in general equilibrium. Individuals face longevity risk as there is a …

. -- longevity risk ; risk sharing ; overlapping generations ; intergenerational transfers ; annuity markets … redistribution of accidental bequests and private annuities in general equilibrium. Individuals face longevity risk as there is a …

. -- longevity risk ; risk sharing ; overlapping generations ; intergenerational transfers ; annuity markets … redistribution of accidental bequests and private annuities in general equilibrium. Individuals face longevity risk as there is a …

proposed mortality securities. We focus on individual annuity data, although some of the modeling techniques could be applied …The purpose of this article is to study mortality-based securities, such as mortality bonds and swaps, and to price the … to other lines of annuity or life insurance …

may either choose to receive annuity payouts, calculated based on a mortality table agreed to at contract inception, or … annuity on the market granting him a better price. If, however, mortality improves more than expected, the policyholder will …A deferred annuity typically includes an option-like right for the policyholder. At the end of the deferment period, he …