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Partial contents:
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Benchmark calculations : savings and retirement -- Survival functions, stochastic dominance, and changes in longevity -- Life cycle model with longevity risk : first best and competitive equilibrium -- Comparative statics, discounting, partial annuitization, and no annuities -- Subjective beliefs and survival probabilities -- Moral hazard -- Uncertain future survival functions -- Pooling equilibrium and adverse selection -- Income uncertainty -- Life insurance and differentiated annuities -- Annuities, longevity, and aggregate savings -- Utilitarian pricing of annuities -- Optimum taxation in pooling equilibria -- Bundling of annuities and other insurance products -- Financial innovation : refundable annuities (annuity options).
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