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001385906 020__ $$a9780262269377$$q(electronic bk.)
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001385906 035__ $$a(OCoLC)57417723
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001385906 08204 $$a332.024/01$$222
001385906 24504 $$aThe role of annuity markets in financing retirement /$$cJeffrey R. Brown [and others].
001385906 260__ $$aCambridge, Mass. :$$bMIT Press,$$c©2001.
001385906 300__ $$a1 online resource (233 pages)
001385906 336__ $$atext$$btxt$$2rdacontent
001385906 337__ $$acomputer$$bc$$2rdamedia
001385906 338__ $$aonline resource$$bcr$$2rdacarrier
001385906 506__ $$aAccess limited to authorized users.
001385906 520__ $$aAnnuity insurance products help protect retirees against outliving their incomes.Dramatic advances in life expectancy mean that today's retirees must plan on living into their eighties, their nineties, and even beyond. Longer life expectancies are the symbol of a prosperous society, but this progress also means that some retirees will need to plan conservatively and cut back substantially on their living standards or risk living so long that they exhaust their resources. This book examines the role that life annuities can play in helping people protect themselves against such outcomes.A life annuity is an insurance product that pays out a periodic amount for as long as the annuitant is alive, in exchange for a premium. The book begins with a history of life annuity markets during the twentieth century in the United States and elsewhere. It then explores recent trends in annuity pricing and money's worth, as well as the economic value generated for purchasers of these products. The book explains the potential importance of inflation-protected annuities and stock-market-linked variable annuities in providing more complete retirement security. The concluding chapters examine life annuities in various institutional settings and the tax treatment of annuity products.
001385906 588__ $$aOCLC-licensed vendor bibliographic record.
001385906 650_0 $$aAnnuities.
001385906 650_0 $$aRetirement income.
001385906 650_0 $$aAnnuities$$zUnited States.
001385906 650_0 $$aRetirement income$$zUnited States.
001385906 653__ $$aECONOMICS/Finance
001385906 653__ $$aECONOMICS/Public Economics
001385906 655_0 $$aElectronic books
001385906 7001_ $$aBrown, Jeffrey R.$$q(Jeffrey Robert),$$d1968-
001385906 852__ $$bebk
001385906 85640 $$3MIT Press$$uhttps://univsouthin.idm.oclc.org/login?url=https://doi.org/10.7551/mitpress/6007.001.0001?locatt=mode:legacy$$zOnline Access through The MIT Press Direct
001385906 85642 $$3OCLC metadata license agreement$$uhttp://www.oclc.org/content/dam/oclc/forms/terms/vbrl-201703.pdf
001385906 909CO $$ooai:library.usi.edu:1385906$$pGLOBAL_SET
001385906 980__ $$aBIB
001385906 980__ $$aEBOOK
001385906 982__ $$aEbook
001385906 983__ $$aOnline