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The calculus of retirement income : = financial models for pension annuities and life insurance /

紀錄類型:	書目-語言資料,印刷品 : Monograph/item
正題名/作者:	The calculus of retirement income :/ Moshe A. Milevsky.
其他題名:	financial models for pension annuities and life insurance /
作者:	Milevsky, Moshe Arye,
面頁冊數:	1 online resource (xiv, 321 pages) :digital, PDF file(s). :
附註:	Title from publisher's bibliographic system (viewed on 05 Oct 2015).
標題:	Old age pensions - Mathematical models. -
電子資源:	https://doi.org/10.1017/CBO9780511753855
ISBN:	9780511753855 (ebook)

The calculus of retirement income : = financial models for pension annuities and life insurance /
Milevsky, Moshe Arye,1967-

The calculus of retirement income :financial models for pension annuities and life insurance /Moshe A. Milevsky. - 1 online resource (xiv, 321 pages) :digital, PDF file(s).

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

This 2006 book introduces and develops the basic actuarial models and underlying pricing of life-contingent pension annuities and life insurance from a unique financial perspective. The ideas and techniques are then applied to the real-world problem of generating sustainable retirement income towards the end of the human life-cycle. The role of lifetime income, longevity insurance, and systematic withdrawal plans are investigated in a parsimonious framework. The underlying technology and terminology of the book are based on continuous-time financial economics by merging analytic laws of mortality with the dynamics of equity markets and interest rates. Nonetheless, the book requires a minimal background in mathematics and emphasizes applications and examples more than proofs and theorems. It can serve as an ideal textbook for an applied course on wealth management and retirement planning in addition to being a reference for quantitatively-inclined financial planners.

ISBN: 9780511753855 (ebook)Subjects--Topical Terms:

1442412
Old age pensions
--Mathematical models.

LC Class. No.: HD7105.3 / .M54 2006

Dewey Class. No.: 368.3/701

The calculus of retirement income : = financial models for pension annuities and life insurance /
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