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dc.contributor.author
Ferro, Gustavo Adolfo
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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
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dc.subject.classification
Economía y Negocios
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dc.subject.classification
CIENCIAS SOCIALES
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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
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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
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