Author: Estelle James
Publisher: World Bank Publications
ISBN:
Category : Annuities
Languages : en
Pages : 42
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Book Description
Preliminary result of a continuing research project that analyzes annuity markets in various countries. The projects focused on understanding whether annuity markets can be relied upon to provide reliable retirement income at reasonable prices.
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: Obiyathulla Ismath Bacha
Publisher: World Scientific
ISBN: 9813274654
Category : Business & Economics
Languages : en
Pages : 403
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Book Description
Islamic Capital Markets: A Comparative Approach (2nd Edition) looks at the similarities and differences between Islamic capital markets and conventional capital markets. The book explains each topic from both the conventional and the Islamic perspective, offering a full understanding of Islamic capital markets, processes, and instruments. In addition to a full explanation of Islamic products, the book also ensures a holistic understanding of the dual markets within which Islamic capital markets operate.Ideal for both students and current practitioners, the second edition of the highly successful Islamic Capital Markets: A Comparative Approach fills a large gap in the current literature on the subject, featuring case studies from Malaysia, Indonesia, Europe, and the Middle East. One of the few comprehensive, dedicated guides to the subject available, the book offers comprehensive and in-depth insights on the topic of Islamic finance for students and professionals alike.
Author: Canice Prendergast
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 44
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Book Description
Why incentive contracts and independent investigations may not be the perfect solution to the problem of bureaucratic corruption.
Author: David M. Knox
Publisher:
ISBN:
Category : Annuities
Languages : en
Pages : 36
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Book Description
The private market for life annuities (with longevity insurance) is not well developed in Australia. It is crowded out partly by the public provision of meanstested old-age pensions and partly by retirees" preference for lump sum payments and, when constrained by law, for allocated annuities that do not provide longevity insurance.
Author: Cathal O'Donoghue
Publisher: Springer
ISBN: 331963979X
Category : Business & Economics
Languages : en
Pages : 379
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Book Description
This book, which is the first to be published in the emerging field of farm-level microsimulation, highlights the different methodological components of microsimulation modelling: hypothetical, static, dynamic, behavioural, spatial and macro–micro. The author applies various microsimulation-based methodological tools to farms in a consistent manner and, supported by a set of Stata codes, undertakes analysis of a wide range of farming systems from OECD countries. To these case studies, O’Donoghue incorporates farming policies such as CAP income support payments, agri-environmental schemes, forestry planting incentives and biomass incentives – in doing so, he illuminates the merits of microsimulation in this environment.
Author: Ajay Shah
Publisher: World Bank Publications
ISBN:
Category : Fondos de pensiones
Languages : en
Pages : 40
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Book Description
The case for index funds is predicated on the observed inability of active managers to outperform market indexes over long periods. Agency conflicts between investors and fund managers are another important motivation, as index funds benefit from simple, unambiguous accountability.
Author: G. A. Mackenzie
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 66
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Book Description
Pension reforms that establish individual accounts will diminish the relative importance of the traditional state pension while creating a significant role for individual accounts in providing income for retirement. This paper surveys the policy issues this new role entails. It offers general advice to countries considering such issues as the restrictions to be placed on the timing, extent, and form of withdrawals from individual accounts and the need for mandatory annuitization (conversion into annuities) of accumulated account balances. The paper also considers the role that private annuity markets should play and related regulatory, social safety net, tax, and administrative questions.
Author: G. A. Mackenzie
Publisher:
ISBN:
Category : Annuities
Languages : en
Pages : 28
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Book Description
Annuity premiums are often assumed to be constant, although they can be expected to vary with the yield curve. Variations in premiums will become an important public policy issue as defined-contribution (DC) pension plans play an increasingly prominent role in providing retirement income. As DC plan holders retire, many will annuitize at least a part of their account balances. In the absence of current data on annuity prices, the paper relies on U.S. Treasury interest rate data to simulate the impact of interest rate variation on annuity premiums. For a spectrum of feasible interest rates, the variation in retirement income is not negligible.
Author:
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 36
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Book Description
