The Economic Theory of Annuities
Publisher: Princeton University Press
Published: October 22, 2007
Language: eng
Format: Hardcover
Number of pages: 184
ISBN-13: 9780691133058
Subjects: Economic theory & philosophy; Insurance; Microeconomics; Public finance; Economic Theory; Personal Finance; Business & Economics; Business / Economics / Finance; Business/Economics; Economics - Theory; Economics; Economics - Microeconomics; Finance
Description: "Groundbreaking in its scope, The Economics Theory of Annuities offers readers a theoretical analysis of the functioning of private annuity markets. Starting with a general analysis of survival functions, stochastic dominance, and characterization of changes in longevity, Eytan Sheshinski derives the demand for annuities using a model of individuals who jointly choose their lifetime consumption and retirement age."--Jacket.