Книга: Moshe A. Milevsky «The Calculus of Retirement Income: Financial Models for Pension Annuities and Life Insurance»
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Производитель: "Неизвестный" The 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. ISBN:0521842581 Издательство: "Неизвестный" (2006)
ISBN: 0521842581 |
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Moshe Milevsky — Moshe Milevsky[1] is an Associate Professor in Finance at the Schulich School of Business at York University, Canada. He graduated with a B.A. in Mathematics and Physics from Yeshiva University in 1990 and worked as an actuarial intern at TIAA… … Wikipedia
Outline of finance — The following outline is provided as an overview of and topical guide to finance: Finance – addresses the ways in which individuals, businesses and organizations raise, allocate and use monetary resources over time, taking into account the risks… … Wikipedia
