Resource title

Morbidity, mortality, health expenditures and annuitization

Resource image

image for OpenScout resource :: Morbidity, mortality, health expenditures and annuitization

Resource description

In this paper we explore the implication of a morbidity risk for the relationship between longevity and annuitization. We divide old-age life into two periods with uncertain survival from the end of the first to the end of the second. We show that a rise in the survival rate causes different patterns of change in annuitization, depending on the initial survival rate. When the initial survival rate is low (high), there is full (partial) annuitization. There is thus an inverse relationship between longevity and annuitization.

Resource author

Kam Ki Tang, Jie Zhang

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/26131

Resource license

Adapt according to the presented license agreement and reference the original author.