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Developing An Annuity Market In Europe

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ISBN 10: 1843764768 / ISBN 13: 9781843764762
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Title: Developing An Annuity Market In Europe

Binding: Hardcover

Book Condition:New

About this title


Fornero and Luciano, professors of economics and mathematical finance, respectively, at the University of Turin, present papers from a June 2002 conference, surveying recent research on the role of annuities in helping households to finance retirement and decumulate wealth. European and American contributors in statistics, welfare policies, and economics overview regulatory issues and issues of risk measurement and mitigation, and discuss demand-side issues such as the variability of the first annuity payment and inflation. They analyze longevity risk and the resulting difficulties in pricing, and examine the development of annuity markets in Europe. Annotation 2004 Book News, Inc., Portland, OR (

About the Author:

Edited by Elsa Fornero, Professor of Economics, Faculty of Economics and Director, Center for Research on Pensions and Welfare Policies (CeRP), University of Turin and Elisa Luciano, Professor of Mathematical Finance, Faculty of Economics, University of Turin, Italy

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