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dc.contributor.author
Ferro, Gustavo Adolfo  
dc.date.available
2023-03-15T17:37:08Z  
dc.date.issued
2010-12-06  
dc.identifier.citation
Ferro, Gustavo Adolfo; Annuities: An Overview of the Main Issues; IUP Publications; The IUP Journal of Risk and Insurance; VII; 4; 6-12-2010; 18-37  
dc.identifier.issn
0972-933X  
dc.identifier.uri
http://hdl.handle.net/11336/190650  
dc.description.abstract
In this paper, we aim to discuss the main issues concerning annuities from a less technical perspective. The annuity is an old instrument which provides unique longevity insurance, but instead of being popular for reducing uncertainty on earnings at advanced ages, the market is thin. Our overview of the theoretical and empirical literature shows that despite the theoretical appeal of the instrument, both sides of the market –demand and supply– tend to avoid it. Savers doubt whether to cede part or all of their savings in exchange for a policy and prefer alternatives with greater risks. Providers are encountering difficulties in annuity pricing given that life expectancy is lengthening. There are also open issues in the regulatory arena to debate. The growth in retirement savings implies a potential demand for annuities. The empirical research in the few countries where the annuities market has developed sheds light on the complex trade offs involved.  
dc.format
application/pdf  
dc.language.iso
eng  
dc.publisher
IUP Publications  
dc.rights
info:eu-repo/semantics/openAccess  
dc.rights.uri
https://creativecommons.org/licenses/by-nc-sa/2.5/ar/  
dc.subject
Insurance  
dc.subject
Annuity  
dc.subject
Pensions  
dc.subject.classification
Economía, Econometría  
dc.subject.classification
Economía y Negocios  
dc.subject.classification
CIENCIAS SOCIALES  
dc.title
Annuities: An Overview of the Main Issues  
dc.type
info:eu-repo/semantics/article  
dc.type
info:ar-repo/semantics/artículo  
dc.type
info:eu-repo/semantics/publishedVersion  
dc.date.updated
2023-03-12T15:40:41Z  
dc.identifier.eissn
0972-933X  
dc.journal.volume
VII  
dc.journal.number
4  
dc.journal.pagination
18-37  
dc.journal.pais
India  
dc.journal.ciudad
Hyderabad  
dc.description.fil
Fil: Ferro, Gustavo Adolfo. Universidad del Cema. Departamento de Economía; Argentina. Universidad Argentina de la Empresa; Argentina. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina  
dc.journal.title
The IUP Journal of Risk and Insurance  
dc.relation.alternativeid
info:eu-repo/semantics/altIdentifier/url/https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1720766