The annuity puzzle and an outline of its solution

DOI10.1080/10920277.2018.1470936zbMATH Open1411.91311OpenAlexW2913036933WikidataQ128431511 ScholiaQ128431511MaRDI QIDQ4634005FDOQ4634005

Colin M. Ramsay, Victor I. Oguledo

Publication date: 7 May 2019

Published in: North American Actuarial Journal (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1080/10920277.2018.1470936

Recommendations

• Ambiguous life expectancy and the demand for annuities
• Life Annuitization: Why and how Much?
• The timing of annuitization: Investment dominance and mortality risk
• The annuity puzzle remains a puzzle
• Annuitization and asset allocation

zbMATH Keywords

adverse selectioncumulative prospect theoryuncertain lifetimesbequest motivesfair annuity prices

Mathematics Subject Classification ID

Cites Work

• Actuarial mathematics for life contingent risks
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• Annuitization and asset allocation
• Title not available (Why is that?)
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• Sharing Longevity Risk: Why Governments Should Issue Longevity Bonds
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• Evaluating the advanced life deferred annuity -- an annuity people might actually buy
• Longevity risk and the Grim Reaper's toxic tail: The survivor fan charts
• Real Longevity Insurance with a Deductible: Introduction to Advanced-Life Delayed Annuities (ALDA)
• Research and Reality: A Literature Review on Drawing Down Retirement Financial Savings
• Insurance markets and unisex tariffs: is the European Court of Justice improving or destroying welfare?
• Pricing high-risk and low-risk insurance contracts with incomplete information and production costs
• Determining the Optimum Guarantee Period for a One-Life Retirement Annuity

Cited In (7)

• Optimal annuitisation in a deterministic financial environment
• Title not available (Why is that?)
• Title not available (Why is that?)
• Doubly Enhanced Annuities (DEANs) and the Impact of Quality of Long-Term Care under a Multi-State Model of Activities of Daily Living (ADL)
• Life Annuitization: Why and how Much?
• Doubly Enhanced Medicaid Partnership Annuities (DEMPANs): A New Tool for Providing Long Term Care to Retired U.S. Seniors in the Medicaid Penumbra
• Long guarantees with short duration: the rolling annuity

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