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Author: Elsa Fornero
Publisher: Edward Elgar Publishing
ISBN: 9781843764762
Category : Annuities
Languages : en
Pages : 0
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Book Description
Fornero and Luciano, professors of economics and mathematical finance, respectively, at the University of Turin, present papers from a June 2002 conference, surveying recent research on the role of annuities in helping households to finance retirement and decumulate wealth. European and American con
Author: Elsa Fornero
Publisher: Edward Elgar Publishing
ISBN: 9781843764762
Category : Annuities
Languages : en
Pages : 0
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Book Description
Fornero and Luciano, professors of economics and mathematical finance, respectively, at the University of Turin, present papers from a June 2002 conference, surveying recent research on the role of annuities in helping households to finance retirement and decumulate wealth. European and American con
Author: Roberto Rezende Rocha
Publisher: World Bank Publications
ISBN: 082136667X
Category : Business & Economics
Languages : en
Pages : 292
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Book Description
Developing Annuities Markets: The Experience of Chile is part of a multicountry World Bank project analyzing the market for retirement products. Among countries that have reformed their pension systems since the early 1990s, the Chilean case has emerged as the most relevant for drawing policy lessons on the role of the private sector in the provision of retirement income for two reasons: the depth, sophistication, and efficiency of the country's retirement products market, and the fact that this market was successfully developed from scratch by a middle-income country. The book examines in det.
Author: Collectif
Publisher: OECD
ISBN: 9264267794
Category : Business & Economics
Languages : en
Pages : 108
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Book Description
This publication helps policy makers to better understand annuity products and the guarantees they provide in order to optimise the role that these products can play in financing retirement. Product design is a crucial factor in the potential role of annuity products within the pension system, along with the cost and demand for these products, and the resulting risks that are borne by the annuity providers. Increasingly complex products, however, pose additional challenges concerning consumer protection. Consumers need to be aware of their options and have access to unbiased and comprehensible advice and information about these products.
Author: Edmund Cannon
Publisher: OUP Oxford
ISBN: 0191607592
Category : Business & Economics
Languages : en
Pages : 316
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Book Description
The Pension Crisis concerns the changing demographic profile of the economy: an increasing number of elderly persons supported by fewer young people. Governments around the world are responding to this impending crisis by shifting their pension policies away from pay-as-you-go systems towards individual savings schemes. These savings need to be converted into a pension at retirement, and annuities provide this function. This book is a comprehensive study of annuity markets. The book starts by outlining the context of public policy towards pensions, and explains the different types of annuities available, focusing on the UK which has the largest annuity market in the world. It examines how annuities are priced, and describes the techniques of mortality measurement. As a background, it provides a history of annuities, and the experience of annuity markets in a number of other countries. The book outlines the economic theory behind annuities, and explains how annuities insure consumers against longevity risks. It goes on to describes how annuities markets function: how they work, and whether they are efficient, leading onto a discussion of the annuity puzzle. The book concludes by discussing the regulatory framework, assets available to back annuity liabilities, and recent developments in annuity markets.
Author:
Publisher: World Bank Publications
ISBN: 9780821349557
Category : Business & Economics
Languages : en
Pages : 452
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Book Description
This handbook is a comprehensive and authoritative reference for both senior policymakers—those responsible for the development of government bond markets in their own countries—and all individuals responsible for guiding the market development process at the operational level—those who have a substantial need to understand the policy issues involved.
Author: Ermanno Pitacco
Publisher: OUP Oxford
ISBN: 0191563153
Category : Business & Economics
Languages : en
Pages : 417
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Book Description
Mortality improvements, uncertainty in future mortality trends and the relevant impact on life annuities and pension plans constitute important topics in the field of actuarial mathematics and life insurance techniques. In particular, actuarial calculations concerning pensions, life annuities and other living benefits (provided, for example, by long-term care insurance products and whole life sickness covers) are based on survival probabilities which necessarily extend over a long time horizon. In order to avoid underestimation of the related liabilities, the insurance company (or the pension plan) must adopt an appropriate forecast of future mortality. Great attention is currently being devoted to the management of life annuity portfolios, both from a theoretical and a practical point of view, because of the growing importance of annuity benefits paid by private pension schemes. In particular, the progressive shift from defined benefit to defined contribution pension schemes has increased the interest in life annuities with a guaranteed annual amount. This book provides a comprehensive and detailed description of methods for projecting mortality, and an extensive introduction to some important issues concerning longevity risk in the area of life annuities and pension benefits. It relies on research work carried out by the authors, as well as on a wide teaching experience and in CPD (Continuing Professional Development) initiatives. The following topics are dealt with: life annuities in the framework of post-retirement income strategies; the basic mortality model; recent mortality trends that have been experienced; general features of projection models; discussion of stochastic projection models, with numerical illustrations; measuring and managing longevity risk.
Author: Roberto Rezende Rocha
Publisher: World Bank Publications
ISBN: 0821385747
Category : Business & Economics
Languages : en
Pages : 376
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Book Description
In the 1990s many emerging economies in Central Europe and Latin America initiated their pension reforms. While most analysis to date has focused on the accumulation phase, there are a number of lessons to be shared as countries start to prepare the retirement options for their contributors, with this book addressing these issues from a public policy perspective.
Author: Niels Philipsen
Publisher: Springer
ISBN: 3662482738
Category : Law
Languages : en
Pages : 321
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Book Description
This book examines the relationship between regulation and market integration, with a special focus on China. It pursues a Law and Economics and Comparative Law approach (China and EU) to analyze the current obstacles to market integration and domestic economic growth in China. Topics covered at the national level include competition law, public procurement rules and financial regulation. At the regional and local level, this book addresses questions related to administrative monopolies, self-regulation, legal services markets, and environmental law.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264035761
Category :
Languages : en
Pages : 117
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Book Description
This OECD 2005 report, prepared at the request of Deputies of the G10, reviews economic consequences of ageing populations for financial markets and recommends that governments help facilitate development of financial instruments to support retirement savings and pensions.
Author: Chris Hasselmann
Publisher: Routledge
ISBN: 1351151622
Category : Political Science
Languages : en
Pages : 208
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Book Description
Integrating the international pressures emanating from the Washington Consensus with an analysis of domestic interest representation, this book explores the political consequences of privatization and the progress of democracy in Eastern Europe. Chris Hasselmann investigates whether the issue of pension reform offers a natural controlled experiment with which to explore both issues throughout the region and the former Soviet Union. The volume will prove of value to those with an interest in public policy and governance issues, the politics of Eastern Europe and political theory more generally.
