Life Cycle Annuity Valuation
收藏NBER1984-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w1511
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资源简介：
In this paper, we argue that actuarial valuation of annuity benefit streams is theoretically inconsistent with the assumption of pure lifecycle motives. Instead, we show that the simple discounted value of future benefits (ignoring the possibility of death) is often a good approximation to the
提供机构：
美国国家经济研究局
创建时间：
1984-12-01
