Introduction
Benchmark calculations : savings and retirement
Survival functions, stochastic dominance, and changes in longevity
Life cycle model with longevity risk : first best and competitive equilibrium
Comparative statics, discounting, partial annuitization, and no annuities
Subjective beliefs and survival probabilities
Moral hazard
Uncertain future survival functions
Pooling equilibrium and adverse selection
Income uncertainty
Life insurance and differentiated annuities
Annuities, longevity, and aggregate savings
Utilitarian pricing of annuities
Optimum taxation in pooling equilibria
Bundling of annuities and other insurance products
Financial innovation : refundable annuities (annuity options).