Notes on the British Offices Life Annuity Tables (1893)
نویسندگان
چکیده
منابع مشابه
Adverse Selection in Annuity Markets: Evidence from the British Life Annuity Act of 1808
We study adverse selection using data from an 1808 Act of British Parliament that effectively opened a market for life annuities. Our analysis indicates significant selection effects. The evidence for adverse selection is strongest for a sub-sample of annuitants whose annuities were purchased by profit-seeking speculators, a sub-sample in which “advantageous selection” resulting from multi-dime...
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چکیده ندارد.
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As of 2005, U.S. individuals had an estimated $7.4 trillion invested in IRAs and employersponsored retirement accounts. Many retirees will thus face the difficult problem of turning a pool of assets into a stream of retirement income. Purchasing an immediate annuity is a common recommendation for retirees trying to maximize retirement spending. The vast majority of retirees, however, are unwill...
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ژورنال
عنوان ژورنال: Transactions of the Faculty of Actuaries
سال: 1907
ISSN: 0071-3686,2058-1033
DOI: 10.1017/s007136860000080x