Problems of life annuity markets: quantitative approach
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11320%2F14%3A10282740" target="_blank" >RIV/00216208:11320/14:10282740 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Problems of life annuity markets: quantitative approach
Original language description
The life annuities are recommended investments for the old age. There are various quantitative arguments supporting this fact. One of such arguments based on the concept of utility are given in this contribution. The annuity equivalent wealth AEW which enables to compare various annuity markets is calculated using Czech data. However, in spite of the fact that the annuitization through life annuities or pensions can be an effective instrument how to ensure economically seniors, the low demand on life annuities contradicts this result. Some practical reasons for this "annuity puzzle" are mentioned in conclusion.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
BA - General mathematics
OECD FORD branch
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Result continuities
Project
<a href="/en/project/GBP402%2F12%2FG097" target="_blank" >GBP402/12/G097: DYME-Dynamic Models in Economics</a><br>
Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
ABSRC 2014 Rome
ISBN
978-961-6347-54-9
ISSN
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e-ISSN
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Number of pages
12
Pages from-to
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Publisher name
Neuveden
Place of publication
Neuveden
Event location
Rome
Event date
Sep 24, 2014
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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