Annuities For An Ageing World PDF Download
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Author | : Olivia S. Mitchell |
Publisher | : |
Total Pages | : 60 |
Release | : 2002 |
Genre | : Annuities |
ISBN | : |
Download Annuities for an Ageing World Book in PDF, ePub and Kindle
Substantial research attention has been devoted to the pension accumulation process, whereby employees and those advising them work to accumulate funds for retirement. Until recently, less analysis has been devoted to the pension decumulation process -- the process by which retirees finance their consumption during retirement. This gap has recently begun to be filled by an active group of researchers examining key aspects of the pension payout market. One of the areas of most interesting investigation has been in the area of annuities, which are financial products intended to cover the risk of retirees outliving their assets. This paper reviews and extends recent research examining the role of annuities in helping finance retirement consumption. We also examine key market and regulatory factors.
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 | : Franck Nicolas |
Publisher | : Wspc/Ecnup |
Total Pages | : 0 |
Release | : 2018 |
Genre | : Finance, Personal |
ISBN | : 9789813272002 |
Download Investment Strategies for Retirement Book in PDF, ePub and Kindle
The issue of pension financing is evolving everywhere, becoming more of a corporate or individual matter rather than a state one. Demographic changes are making sharing mechanisms hard to control, and social deficits often lead governments to pull back from their obligations. This raises many questions for the individual: At what age should I start saving? When should I increase or reduce my savings? How do I secure my income? What products should I choose to supplement my pension and savings? What degree of risk should I take on? Despite the burden for securing one's retirement increasingly placed on individuals, many are often badly prepared to tackle this very long savings process, which is often complicated by the specific characteristics of a pension plan. This publication, intended for investment professionals, customer advisors, and individuals interested in personal finance and asset management, looks at some of the fundamental elements of investment strategies and techniques for retirement.
Author | : National Research Council |
Publisher | : National Academies Press |
Total Pages | : 230 |
Release | : 2013-01-10 |
Genre | : Social Science |
ISBN | : 0309261961 |
Download Aging and the Macroeconomy Book in PDF, ePub and Kindle
The United States is in the midst of a major demographic shift. In the coming decades, people aged 65 and over will make up an increasingly large percentage of the population: The ratio of people aged 65+ to people aged 20-64 will rise by 80%. This shift is happening for two reasons: people are living longer, and many couples are choosing to have fewer children and to have those children somewhat later in life. The resulting demographic shift will present the nation with economic challenges, both to absorb the costs and to leverage the benefits of an aging population. Aging and the Macroeconomy: Long-Term Implications of an Older Population presents the fundamental factors driving the aging of the U.S. population, as well as its societal implications and likely long-term macroeconomic effects in a global context. The report finds that, while population aging does not pose an insurmountable challenge to the nation, it is imperative that sensible policies are implemented soon to allow companies and households to respond. It offers four practical approaches for preparing resources to support the future consumption of households and for adapting to the new economic landscape.
Author | : David A. Wise |
Publisher | : University of Chicago Press |
Total Pages | : 428 |
Release | : 2009-05-15 |
Genre | : Political Science |
ISBN | : 0226903222 |
Download The Economics of Aging Book in PDF, ePub and Kindle
The Economics of Aging presents results from an ongoing National Bureau of Economic Research project. Contributors consider the housing mobility and living arrangements of the elderly, their labor force participation and retirement, the economics of their health care, and their financial status. The goal of the research is to further our understanding both of the factors that determine the well-being of the elderly and of the consequences that follow from an increasingly older population with longer individual life spans. Each paper is accompanied by critical commentary.
Author | : Olivia S. Mitchell |
Publisher | : Oxford University Press |
Total Pages | : 249 |
Release | : 2017 |
Genre | : Business & Economics |
ISBN | : 0198808038 |
Download Financial Decision Making and Retirement Security in an Aging World Book in PDF, ePub and Kindle
This volume will explore how financial decision-making changes at older ages, how and when financial advice can be useful for the older population, and what solutions and opportunities are needed to resolve the likely problems that will arise.
Author | : National Research Council |
Publisher | : National Academies Press |
Total Pages | : 326 |
Release | : 2001-06-26 |
Genre | : Social Science |
ISBN | : 0309170877 |
Download Preparing for an Aging World Book in PDF, ePub and Kindle
Aging is a process that encompasses virtually all aspects of life. Because the speed of population aging is accelerating, and because the data needed to study the aging process are complex and expensive to obtain, it is imperative that countries coordinate their research efforts to reap the most benefits from this important information. Preparing for an Aging World looks at the behavioral and socioeconomic aspects of aging, and focuses on work, retirement, and pensions; wealth and savings behavior; health and disability; intergenerational transfers; and concepts of well-being. It makes recommendations for a collection of new, cross-national data on aging populationsâ€"data that will allow nations to develop policies and programs for addressing the major shifts in population age structure now occurring. These efforts, if made internationally, would advance our understanding of the aging process around the world.
Author | : Collectif |
Publisher | : OECD |
Total Pages | : 108 |
Release | : 2016-12-05 |
Genre | : Business & Economics |
ISBN | : 9264267794 |
Download Life Annuity Products and Their Guarantees Book in PDF, ePub and Kindle
This publication helps policy makers to better understand annuity products and the guarantees they provide in order to optimise the role that these products can play in financing retirement. Product design is a crucial factor in the potential role of annuity products within the pension system, along with the cost and demand for these products, and the resulting risks that are borne by the annuity providers. Increasingly complex products, however, pose additional challenges concerning consumer protection. Consumers need to be aware of their options and have access to unbiased and comprehensible advice and information about these products.
Author | : Wai-sum Chan |
Publisher | : World Scientific |
Total Pages | : 366 |
Release | : 2021-09-14 |
Genre | : Business & Economics |
ISBN | : 9811243298 |
Download Financial Mathematics For Actuaries (Third Edition) Book in PDF, ePub and Kindle
This book provides a thorough understanding of the fundamental concepts of financial mathematics essential for the evaluation of any financial product and instrument. Mastering concepts of present and future values of streams of cash flows under different interest rate environments is core for actuaries and financial economists. This book covers the body of knowledge required by the Society of Actuaries (SOA) for its Financial Mathematics (FM) Exam.The third edition includes major changes such as an addition of an 'R Laboratory' section in each chapter, except for Chapter 9. These sections provide R codes to do various computations, which will facilitate students to apply conceptual knowledge. Additionally, key definitions have been revised and the theme structure has been altered. Students studying undergraduate courses on financial mathematics for actuaries will find this book useful. This book offers numerous examples and exercises, some of which are adapted from previous SOA FM Exams. It is also useful for students preparing for the actuarial professional exams through self-study.
Author | : National Academies of Sciences, Engineering, and Medicine |
Publisher | : National Academies Press |
Total Pages | : 243 |
Release | : 2015-09-17 |
Genre | : Social Science |
ISBN | : 030931710X |
Download The Growing Gap in Life Expectancy by Income Book in PDF, ePub and Kindle
The U.S. population is aging. Social Security projections suggest that between 2013 and 2050, the population aged 65 and over will almost double, from 45 million to 86 million. One key driver of population aging is ongoing increases in life expectancy. Average U.S. life expectancy was 67 years for males and 73 years for females five decades ago; the averages are now 76 and 81, respectively. It has long been the case that better-educated, higher-income people enjoy longer life expectancies than less-educated, lower-income people. The causes include early life conditions, behavioral factors (such as nutrition, exercise, and smoking behaviors), stress, and access to health care services, all of which can vary across education and income. Our major entitlement programs - Medicare, Medicaid, Social Security, and Supplemental Security Income - have come to deliver disproportionately larger lifetime benefits to higher-income people because, on average, they are increasingly collecting those benefits over more years than others. This report studies the impact the growing gap in life expectancy has on the present value of lifetime benefits that people with higher or lower earnings will receive from major entitlement programs. The analysis presented in The Growing Gap in Life Expectancy by Income goes beyond an examination of the existing literature by providing the first comprehensive estimates of how lifetime benefits are affected by the changing distribution of life expectancy. The report also explores, from a lifetime benefit perspective, how the growing gap in longevity affects traditional policy analyses of reforms to the nation's leading entitlement programs. This in-depth analysis of the economic impacts of the longevity gap will inform debate and assist decision makers, economists, and researchers.