Optimal Benefit Distribution of a Tontine-like Annuity Fund with Age-Structured Models
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- Milevsky, Moshe A. & Salisbury, Thomas S., 2015.
"Optimal retirement income tontines,"
Insurance: Mathematics and Economics, Elsevier, vol. 64(C), pages 91-105.
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- Bernhardt, Thomas & Donnelly, Catherine, 2019. "Modern tontine with bequest: Innovation in pooled annuity products," Insurance: Mathematics and Economics, Elsevier, vol. 86(C), pages 168-188.
- Yijia Lin & Samuel H. Cox, 2005. "Securitization of Mortality Risks in Life Annuities," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 72(2), pages 227-252, June.
- Thomas Bernhardt & Catherine Donnelly, 2019. "Modern tontine with bequest: innovation in pooled annuity products," Papers 1903.05990, arXiv.org.
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Keywords
age-structured models; tontine; benefit distribution; maximum principle;All these keywords.
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