A Knightian Analysis Of The Viability Of A Lifetime Annuity Market In Australia PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download A Knightian Analysis Of The Viability Of A Lifetime Annuity Market In Australia PDF full book. Access full book title A Knightian Analysis Of The Viability Of A Lifetime Annuity Market In Australia.
Author | : John R. Evans |
Publisher | : |
Total Pages | : 19 |
Release | : 2015 |
Genre | : |
ISBN | : |
Download A Knightian Analysis of the Viability of a Lifetime Annuity Market in Australia Book in PDF, ePub and Kindle
The ageing of Australia's population and the maturing of the Australian Superannuation Guarantee Levy system means that there will be greater amounts of funds available to retirees to fund their retirement income needs. A guaranteed lifetime annuity is often cited as the ideal solution for the majority of retirees to convert their lump sums at retirement to a lifetime income. This paper considers issues relating to the creation of a viable guaranteed lifetime annuity market from both the buyer's and the seller's perspective within a Knightian risk management framework and concludes the inherent risks for buyers and sellers are just too high. The paper concludes that without some government intervention in the market, it is unlikely a sustainable lifetime annuity market will develop in Australia.
Author | : Richard Hinz |
Publisher | : World Bank Publications |
Total Pages | : 300 |
Release | : 2010-01-14 |
Genre | : Business & Economics |
ISBN | : 0821381601 |
Download Evaluating the Financial Performance of Pension Funds Book in PDF, ePub and Kindle
Countries around the world are increasingly relying on individual pension savings accounts to provide income in old age for their citizens. Although these funds have now been in place for several decades, their performance is usually measured using methods that are not meaningful in relation to this long-term objective. The recent global financial crisis has highlighted the need to develop better performance evaluation methods that are consistent with the retirement income objective of pension funds. Compiling research derived from a partnership among the World Bank, the Organisation for Economic Co-operation and Development (OECD), and three private partners, 'Evaluating the Financial Performance of Pension Funds' discusses the theoretical basis and key implementation issues related to the design of performance benchmarks based on life-cycle savings and investment principles. The book begins with an evaluation of the financial performance of funded pension systems using the standard mean variance framework. It then provides a discussion of the limitations inherent to applying these methods to pension funds and outlines the many other issues that should be addressed in developing more useful and meaningful performance measures through the formulation of pension-specific benchmark portfolios. Practical implementation issues are addressed through empirical examples of how such benchmarks could be developed. The book concludes with commentary and observations from several noted pension experts about the need for a new approach to performance measurement and the impact of the recent global financial crisis on pension funds.
Author | : Financial System Inquiry (Australia) |
Publisher | : |
Total Pages | : 104 |
Release | : 1997 |
Genre | : Finance |
ISBN | : |
Download Financial System Inquiry Book in PDF, ePub and Kindle
Author | : Kevin G. Kinsella |
Publisher | : Bureau of Census |
Total Pages | : 194 |
Release | : 2001 |
Genre | : Political Science |
ISBN | : |
Download An Aging World Book in PDF, ePub and Kindle
Provides statistical information on the worldwide population of people 65 years old or older.
Author | : Indermit S. Gill |
Publisher | : World Bank Publications |
Total Pages | : 368 |
Release | : 2004-10-25 |
Genre | : Political Science |
ISBN | : 0821383752 |
Download Keeping the Promise of Social Security in Latin America Book in PDF, ePub and Kindle
Empirical analysis of two decades of pioneering pension and social security reform in Latin America and the Caribbean shows that much has been achieved, but that critical challenges remain. In tackling this unfinished agenda, a great deal can be learned from the reform experience of countries in the region. 'Keeping the Promise,' produced by the chief economist's office for the Latin America and Caribbean region at the World Bank, evaluates policy reforms in 12 countries, points to successes and shortcomings, and proposes priorities and options for future reform.
Author | : William A. Haseltine |
Publisher | : Brookings Institution Press |
Total Pages | : 198 |
Release | : 2013 |
Genre | : Business & Economics |
ISBN | : 0815724160 |
Download Affordable Excellence Book in PDF, ePub and Kindle
"Today Singapore ranks sixth in the world in healthcare outcomes well ahead of many developed countries, including the United States. The results are all the more significant as Singapore spends less on healthcare than any other high-income country, both as measured by fraction of the Gross Domestic Product spent on health and by costs per person. Singapore achieves these results at less than one-fourth the cost of healthcare in the United States and about half that of Western European countries. Government leaders, presidents and prime ministers, finance ministers and ministers of health, policymakers in congress and parliament, public health officials responsible for healthcare systems planning, finance and operations, as well as those working on healthcare issues in universities and think-tanks should know how this system works to achieve affordable excellence."--Publisher's website.
Author | : R. Maria Saleth |
Publisher | : World Bank Publications |
Total Pages | : 418 |
Release | : 2004-01-01 |
Genre | : Nature |
ISBN | : 9780821356562 |
Download The Institutional Economics of Water Book in PDF, ePub and Kindle
This publication examines issues of water sector reform and performance from the perspectives of institutional economics and political economic studies. The authors develop an alternative quantitative assessment methodology based on the principle of 'institutional ecology', as well as data collected from 127 water experts from 43 countries and regions around the world using a cross-country review of recent water sector reforms within an institutional transaction cost framework.
Author | : National Academies of Sciences, Engineering, and Medicine |
Publisher | : National Academies Press |
Total Pages | : 385 |
Release | : 2019-10-25 |
Genre | : Social Science |
ISBN | : 0309489539 |
Download Strengthening the Military Family Readiness System for a Changing American Society Book in PDF, ePub and Kindle
The U.S. military has been continuously engaged in foreign conflicts for over two decades. The strains that these deployments, the associated increases in operational tempo, and the general challenges of military life affect not only service members but also the people who depend on them and who support them as they support the nation â€" their families. Family members provide support to service members while they serve or when they have difficulties; family problems can interfere with the ability of service members to deploy or remain in theater; and family members are central influences on whether members continue to serve. In addition, rising family diversity and complexity will likely increase the difficulty of creating military policies, programs and practices that adequately support families in the performance of military duties. Strengthening the Military Family Readiness System for a Changing American Society examines the challenges and opportunities facing military families and what is known about effective strategies for supporting and protecting military children and families, as well as lessons to be learned from these experiences. This report offers recommendations regarding what is needed to strengthen the support system for military families.
Author | : Jeremy Atack |
Publisher | : Cambridge University Press |
Total Pages | : 497 |
Release | : 2009-03-16 |
Genre | : Business & Economics |
ISBN | : 1139477048 |
Download The Origins and Development of Financial Markets and Institutions Book in PDF, ePub and Kindle
Collectively, mankind has never had it so good despite periodic economic crises of which the current sub-prime crisis is merely the latest example. Much of this success is attributable to the increasing efficiency of the world's financial institutions as finance has proved to be one of the most important causal factors in economic performance. In a series of insightful essays, financial and economic historians examine how financial innovations from the seventeenth century to the present have continually challenged established institutional arrangements, forcing change and adaptation by governments, financial intermediaries, and financial markets. Where these have been successful, wealth creation and growth have followed. When they failed, growth slowed and sometimes economic decline has followed. These essays illustrate the difficulties of co-ordinating financial innovations in order to sustain their benefits for the wider economy, a theme that will be of interest to policy makers as well as economic historians.
Author | : |
Publisher | : |
Total Pages | : 72 |
Release | : 1998 |
Genre | : Electronic commerce |
ISBN | : |
Download The Emerging Digital Economy Book in PDF, ePub and Kindle