Thomas Purcal (6 results)

Condition: New.

Paperback. Condition: Brand New. 208 pages. 8.66x5.91x0.47 inches. In Stock.

Kartoniert / Broschiert. Condition: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Autor/Autorin: Purcal ThomasThomas (Sachi) Purcal is a lecturer in Actuarial Studies at the nUniversity of New South Wales in Sydney, Australia. Previouslynhe worked in actuarial consulting in Canada and for a life ninsurer in Australia. Dr.Purcal.…

Condition: New. Print on Demand.

Condition: New. PRINT ON DEMAND.

Taschenbuch. Condition: Neu. nach der Bestellung gedruckt Neuware - Printed after ordering - The aim of this work is to investigate an individual''s optimal life cycle behaviour, with particular reference to financial decisions made over time. How should one consume, save, invest, insure and annuitise over one''s life In chapter 3 we implement a model of lifetime personal financial planning. By simulating this theoretical model oflifetime personal financial planning we are able toquantitatively assess popular financial advice. We examine age-phasing as well as a traditional rule of thumb for life insurance purchase. Our modelling also sheds light on the reasons for the thinness of voluntary life annuity markets worldwide. Chapter 4 extends the model, examining the implications for individual optimal behaviour if either borrowing is constrained, no annuity market exists, or mean reversion and persistence are present in equity returns. Chapter 5 considers the important question of determining optimal consumption, investment and life insurance/annuity demand over the life cycle in an environment where labour income is no longer deterministic but stochastic.…