The Calculus of Retirement Income: List of Figures and Tables
The Calculus of Retirement Income: List of Figures and Tables
复制标题
退休收入的计算：图表列表
DOI：
10.1017/cbo9780511753855
复制
发表时间：
2006
期刊：
影响因子：
--
通讯作者：
M. Milevsky
中科院分区：
文献类型：
--
作者：
M. Milevsky
这本2006年出版的书从一个独特的财务角度介绍和发展了基本的精算模型和潜在的人寿或有养老金年金和人寿保险定价。然后，将这些想法和技术应用于现实世界的问题，即在人类生命周期结束时产生可持续的退休收入。终身收入，长寿保险和系统的退出计划的作用进行了研究，在一个简约的框架。这本书的基本技术和术语是基于连续时间金融经济学，将死亡率的分析定律与股票市场和利率的动态相结合。尽管如此，这本书需要一个最低限度的数学背景，并强调应用和例子比证明和定理。它可以作为财富管理和退休规划应用课程的理想教材，也可以作为量化理财师的参考。
This 2006 book introduces and develops the basic actuarial models and underlying pricing of life-contingent pension annuities and life insurance from a unique financial perspective. The ideas and techniques are then applied to the real-world problem of generating sustainable retirement income towards the end of the human life-cycle. The role of lifetime income, longevity insurance, and systematic withdrawal plans are investigated in a parsimonious framework. The underlying technology and terminology of the book are based on continuous-time financial economics by merging analytic laws of mortality with the dynamics of equity markets and interest rates. Nonetheless, the book requires a minimal background in mathematics and emphasizes applications and examples more than proofs and theorems. It can serve as an ideal textbook for an applied course on wealth management and retirement planning in addition to being a reference for quantitatively-inclined financial planners.