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Guaranteed annuity conversion options and their valuation

In: Developing an Annuity Market in Europe

Author

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  • Laura Ballotta
  • Steven Haberman

Abstract

On the premise that pension provision in Europe will dramatically change over the next few decades, this book concentrates on the funded component of pension wealth, and specifically on annuities – financial products that, on the basis of actuarial equivalence, allow the conversion of wealth into a lifelong stream of income.

Suggested Citation

  • Laura Ballotta & Steven Haberman, 2004. "Guaranteed annuity conversion options and their valuation," Chapters, in: Elsa Fornero & Elisa Luciano (ed.), Developing an Annuity Market in Europe, chapter 7, pages 168-199, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:3181_7
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    Keywords

    Economics and Finance;

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