Annuity Markets and Pension ReformCambridge University Press, 24.07.2006 This 2006 book treats two vital public policy issues: how should distributions from individual accounts be regulated, and how can the market for private annuities function better? It provides a comprehensive survey of the issues that arise when contributors to individual accounts become eligible for distributions. It also addresses the questions of whether annuitization or other restrictions on distributions should be mandatory, and if so, can the provision of annuities be privatized? Its analytical framework is applicable to a broad range of countries. Given the diminishing importance of public pensions around the world, the growing number of the elderly, and the increasing importance of defined contribution plans, the voluntary demand for private annuities is going to grow. It is vital that annuities be reasonably priced and that the annuity market be effectively regulated. The book investigates both issues, and proposes reforms to enhance the efficiency of the annuity market. |
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... homeowner to ensure your system will work properly . To help you learn more , consult the resources listed at the back of this booklet . A helpful checklist is also included at the end of the booklet to help you keep track of your ...
... homeowner to ensure your system will work properly . To help you learn more , consult the resources listed at the back of this booklet . A helpful checklist is also included at the end of the booklet to help you keep track of your ...
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Häufige Begriffe und Wortgruppen
1+rA actuarially fair Adverse selection aging problem annuity payment annuity purchased arbitrage Arcadia Arcadian assume average bequest motive birth rate buy an annuity C₁ C₂ capital conditional rate conditional return constraints cost dependency ratio devoted e²var(re economy entails equal zero Equation expected return expected value five-year bond given by Eq gross return higher homeowner impact income increase individual accounts reform insurance company interest rate investing in bonds labor force leave a bequest maturity maximized maximum lifespan one-period annuity one-period bond percent portfolio PPDA premium per dollar probability of survival public pension system random variable rate of interest rate of return receipts reduce regular payment retired person risky asset saving rate second period second-period consumption shift strategy stream of payments survival probabilities survive to age survive to period term life insurance two-period model utility function value of annuities W-C₁ wealth yield curve zero-coupon bonds δυ