The Evolution from Life Insurance to Financial Engineering
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https://www.nber.org/papers/w29030
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Since the mid-1980s, the share of household net worth intermediated by US nancial institutions has shifted from dened benet plans to life insurers and dened contribution plans. Life insurers have primarily grown through variable annuities, which are mutual funds with longevity insurance, a potential
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美国国家经济研究局创建时间：
2021-07-01
