The calculus of retirement income: financial models for pension annuities and life insurance
This 2006 book introduces and develops the basic actuarial models and underlying pricing of life-contingent pension annuities and life insurance from a unique financial perspective. The ideas and techniques are then applied to the real-world problem of generating sustainable retirement income toward...
Gespeichert in:
| Beteilige Person: | |
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| Format: | E-Book |
| Sprache: | Englisch |
| Veröffentlicht: |
Cambridge
Cambridge University Press
2006
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| Links: | https://doi.org/10.1017/CBO9780511753855 |
| Zusammenfassung: | This 2006 book introduces and develops the basic actuarial models and underlying pricing of life-contingent pension annuities and life insurance from a unique financial perspective. The ideas and techniques are then applied to the real-world problem of generating sustainable retirement income towards the end of the human life-cycle. The role of lifetime income, longevity insurance, and systematic withdrawal plans are investigated in a parsimonious framework. The underlying technology and terminology of the book are based on continuous-time financial economics by merging analytic laws of mortality with the dynamics of equity markets and interest rates. Nonetheless, the book requires a minimal background in mathematics and emphasizes applications and examples more than proofs and theorems. It can serve as an ideal textbook for an applied course on wealth management and retirement planning in addition to being a reference for quantitatively-inclined financial planners. |
| Umfang: | 1 Online-Ressource (xiv, 321 Seiten) |
| ISBN: | 9780511753855 |
Internformat
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| indexdate | 2025-01-17T11:17:15Z |
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| spelling | Milevsky, Moshe Arye 1967- The calculus of retirement income financial models for pension annuities and life insurance Moshe A. Milevsky Cambridge Cambridge University Press 2006 1 Online-Ressource (xiv, 321 Seiten) txt c cr This 2006 book introduces and develops the basic actuarial models and underlying pricing of life-contingent pension annuities and life insurance from a unique financial perspective. The ideas and techniques are then applied to the real-world problem of generating sustainable retirement income towards the end of the human life-cycle. The role of lifetime income, longevity insurance, and systematic withdrawal plans are investigated in a parsimonious framework. The underlying technology and terminology of the book are based on continuous-time financial economics by merging analytic laws of mortality with the dynamics of equity markets and interest rates. Nonetheless, the book requires a minimal background in mathematics and emphasizes applications and examples more than proofs and theorems. It can serve as an ideal textbook for an applied course on wealth management and retirement planning in addition to being a reference for quantitatively-inclined financial planners. Erscheint auch als Druck-Ausgabe 9780521842587 |
| spellingShingle | Milevsky, Moshe Arye 1967- The calculus of retirement income financial models for pension annuities and life insurance |
| title | The calculus of retirement income financial models for pension annuities and life insurance |
| title_auth | The calculus of retirement income financial models for pension annuities and life insurance |
| title_exact_search | The calculus of retirement income financial models for pension annuities and life insurance |
| title_full | The calculus of retirement income financial models for pension annuities and life insurance Moshe A. Milevsky |
| title_fullStr | The calculus of retirement income financial models for pension annuities and life insurance Moshe A. Milevsky |
| title_full_unstemmed | The calculus of retirement income financial models for pension annuities and life insurance Moshe A. Milevsky |
| title_short | The calculus of retirement income |
| title_sort | calculus of retirement income financial models for pension annuities and life insurance |
| title_sub | financial models for pension annuities and life insurance |
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