King William's tontine: why the retirement annuity of the future should resemble its past
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cambridge
Cambridge University Press
[2015]
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | xv, 257 Seiten Illustrationen, Diagramme |
| ISBN: | 9781107076129 9781107430754 |
Internformat
MARC
| LEADER | 00000nam a2200000zc 4500 | ||
|---|---|---|---|
| 001 | BV043721741 | ||
| 003 | DE-604 | ||
| 005 | 20160927 | ||
| 007 | t | ||
| 008 | 160817s2015 a||| |||| 00||| eng d | ||
| 020 | |a 9781107076129 |c Print |9 978-1-107-07612-9 | ||
| 020 | |a 9781107430754 |c Print |9 978-1-107-43075-4 | ||
| 035 | |a (OCoLC)951449271 | ||
| 035 | |a (DE-599)BVBBV043721741 | ||
| 040 | |a DE-604 |b ger |e rda | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-384 | ||
| 082 | 0 | |a 368.3/7 |2 23 | |
| 084 | |a PW 9170 |0 (DE-625)140988: |2 rvk | ||
| 100 | 1 | |a Milevsky, Moshe Arye |d 1967- |e Verfasser |0 (DE-588)171757416 |4 aut | |
| 245 | 1 | 0 | |a King William's tontine |b why the retirement annuity of the future should resemble its past |c Moshe A. Milevsky (York University, Toronto) |
| 264 | 1 | |a Cambridge |b Cambridge University Press |c [2015] | |
| 300 | |a xv, 257 Seiten |b Illustrationen, Diagramme | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 648 | 7 | |a Geschichte |2 gnd |9 rswk-swf | |
| 650 | 4 | |a Tontine life insurance policies | |
| 650 | 0 | 7 | |a Lebensversicherung |0 (DE-588)4034928-7 |2 gnd |9 rswk-swf |
| 651 | 7 | |a Großbritannien |0 (DE-588)4022153-2 |2 gnd |9 rswk-swf | |
| 689 | 0 | 0 | |a Großbritannien |0 (DE-588)4022153-2 |D g |
| 689 | 0 | 1 | |a Lebensversicherung |0 (DE-588)4034928-7 |D s |
| 689 | 0 | 2 | |a Geschichte |A z |
| 689 | 0 | |5 DE-604 | |
| 776 | 0 | 8 | |i Erscheint auch als |n Online-Ausgabe |z 978-1-139-87931-6 |
| 856 | 4 | 2 | |m Digitalisierung UB Augsburg - ADAM Catalogue Enrichment |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=029133799&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-029133799 | ||
Datensatz im Suchindex
| _version_ | 1804176514349006848 |
|---|---|
| adam_text | Preface: In Memoriam for Jared page xi
Acknowledgments xiii
1 King Billy, Protestant Hero of England 1
1693: Reign of William III and Mary II 1
Take Longevity Risk Off My Books 9
Overview and Outline of This Book 12
A Note on Ancient Time and Money 16
2 Tontine’s Economic Origins: Cheaper Debt 20
The Financial Path to Long-Term Borrowing 20
Can Amortizations Fool Investors for Life? 27
Adam Smiths Behavioral Economic Insight 30
Tontines vs. Annuities: The Stochastic PV 32
Last One to Die Please Shut Off the Lights 34
3 A Most Curious Will(iam) and Older Than You Think 37
Life and Death in Elizabethan England 37
Financing the Merchant of Venice 39
Lorenzo de Tonti: The Promoter 41
Where Did the Italian Get the Idea? 46
The End: Seven Years in the Bastille 47
4 The Million Act to Fight a War against France 50
Why Was a Dutchman the King of England? 50
The Glorious and Financial Revolution 54
In 1693 It Wasn’t Yet Called a Tontine 58
The Option to Convert into a Life Annuity 59
Astronomer Edmond Halley Offers Advice 62
Annuity or Tontine: Which Is Preferred? 63
64
66
68
70
74
80
80
82
85
88
90
94
95
104
106
110
113
114
114
114
118
119
121
121
128
130
134
137
140
140
142
144
154
164
168
170
170
174
176
The Smart Money Switched to the Annuity
The Centenarian Who Picked the Tontine
Dividend per Share Computed
A Lottery with Multiple Life Annuities
The Old Lady on Threadneedle Street
Don’t Englishmen Die? Anti-Selection vs. Fraud
Tontine Crimes in Literary Fiction
Famous Nominees and Their Unique Lives
Tontine and Annuity Survivorship Bias
A Visit to the Library and the Archives
Testing for Shenanigans in Monte Carlo
Tom s Coffeehouse on St. Martins Lane
French Tontines, Defaults, and Revolutions
The Swiss Arbitrage the French
Age Doesn’t Matter: What Were They Thinking?
Lessons Learned: The Great Tontine of 1789
Staying Alive ... by Annuitizing
Is Your Tontine a Stock or a Bond?
Building Financial Bridges
The Glasgow Tontine Society
Alexander Hamilton’s Debt Proposal
The Washington Real Estate Tontine
New York Stock Exchange and Tontines
Tontine Insurance Is Born in the USA
The Armstrong Investigation
Collective Tontines on the Israeli Kibbutz
Tontine Ingredient in Swedish Pensions
Classification of Tontine Schemes
Optimal Tontine: Hedging (Some) Longevity Risk
A Rational Problem with Tontines Utility
Consumption Smoothing over the Lifecycle
Optimality: Introducing Jared s Tontine
WTiat Have Others Written? A Scholarly Literature Review
Tontines in the Press and Media
TIAA-CREF: Possibly the Biggest Tontine in the World
Conclusion: Tontines for the Twenty-First Century
Don’t Promise More Than You Can Deliver
Variable Annuity Upheavals of 2008
The Word Annuity Is Meaningless Today
Why Do Britons Hate Their Annuities? 177
Why Do Chileans Love Their Annuities? 181
The Investment Tribe, the Insurance Clan, and the 4% Rule 184
The Future of Retirement Income ... a Tontine? 188
Longevity Risk Sharing: Ex Ante vs. Ex Post 195
Epilogue: What Did William Really Know? 198
Appendix A: The List of Nominees 201
Appendix B: The Gompertz-Makeham Law of Mortality 226
Appendix C: 14% for One, 12% for Two, or 10% for Three? 230
Source Notes and Guide to Further Reading 235
References 239
Index 249
|
| any_adam_object | 1 |
| author | Milevsky, Moshe Arye 1967- |
| author_GND | (DE-588)171757416 |
| author_facet | Milevsky, Moshe Arye 1967- |
| author_role | aut |
| author_sort | Milevsky, Moshe Arye 1967- |
| author_variant | m a m ma mam |
| building | Verbundindex |
| bvnumber | BV043721741 |
| classification_rvk | PW 9170 |
| ctrlnum | (OCoLC)951449271 (DE-599)BVBBV043721741 |
| dewey-full | 368.3/7 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 368 - Insurance |
| dewey-raw | 368.3/7 |
| dewey-search | 368.3/7 |
| dewey-sort | 3368.3 17 |
| dewey-tens | 360 - Social problems and services; associations |
| discipline | Rechtswissenschaft Wirtschaftswissenschaften |
| era | Geschichte gnd |
| era_facet | Geschichte |
| format | Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>01735nam a2200409zc 4500</leader><controlfield tag="001">BV043721741</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20160927 </controlfield><controlfield tag="007">t</controlfield><controlfield tag="008">160817s2015 a||| |||| 00||| eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781107076129</subfield><subfield code="c">Print</subfield><subfield code="9">978-1-107-07612-9</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781107430754</subfield><subfield code="c">Print</subfield><subfield code="9">978-1-107-43075-4</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)951449271</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV043721741</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-384</subfield></datafield><datafield tag="082" ind1="0" ind2=" "><subfield code="a">368.3/7</subfield><subfield code="2">23</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">PW 9170</subfield><subfield code="0">(DE-625)140988:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Milevsky, Moshe Arye</subfield><subfield code="d">1967-</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)171757416</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">King William's tontine</subfield><subfield code="b">why the retirement annuity of the future should resemble its past</subfield><subfield code="c">Moshe A. Milevsky (York University, Toronto)</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Cambridge</subfield><subfield code="b">Cambridge University Press</subfield><subfield code="c">[2015]</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">xv, 257 Seiten</subfield><subfield code="b">Illustrationen, Diagramme</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="648" ind1=" " ind2="7"><subfield code="a">Geschichte</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Tontine life insurance policies</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Lebensversicherung</subfield><subfield code="0">(DE-588)4034928-7</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="651" ind1=" " ind2="7"><subfield code="a">Großbritannien</subfield><subfield code="0">(DE-588)4022153-2</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="689" ind1="0" ind2="0"><subfield code="a">Großbritannien</subfield><subfield code="0">(DE-588)4022153-2</subfield><subfield code="D">g</subfield></datafield><datafield tag="689" ind1="0" ind2="1"><subfield code="a">Lebensversicherung</subfield><subfield code="0">(DE-588)4034928-7</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="2"><subfield code="a">Geschichte</subfield><subfield code="A">z</subfield></datafield><datafield tag="689" ind1="0" ind2=" "><subfield code="5">DE-604</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Erscheint auch als</subfield><subfield code="n">Online-Ausgabe</subfield><subfield code="z">978-1-139-87931-6</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="m">Digitalisierung UB Augsburg - ADAM Catalogue Enrichment</subfield><subfield code="q">application/pdf</subfield><subfield code="u">http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=029133799&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA</subfield><subfield code="3">Inhaltsverzeichnis</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-029133799</subfield></datafield></record></collection> |
| geographic | Großbritannien (DE-588)4022153-2 gnd |
| geographic_facet | Großbritannien |
| id | DE-604.BV043721741 |
| illustrated | Illustrated |
| indexdate | 2024-07-10T07:33:23Z |
| institution | BVB |
| isbn | 9781107076129 9781107430754 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-029133799 |
| oclc_num | 951449271 |
| open_access_boolean | |
| owner | DE-384 |
| owner_facet | DE-384 |
| physical | xv, 257 Seiten Illustrationen, Diagramme |
| publishDate | 2015 |
| publishDateSearch | 2015 |
| publishDateSort | 2015 |
| publisher | Cambridge University Press |
| record_format | marc |
| spelling | Milevsky, Moshe Arye 1967- Verfasser (DE-588)171757416 aut King William's tontine why the retirement annuity of the future should resemble its past Moshe A. Milevsky (York University, Toronto) Cambridge Cambridge University Press [2015] xv, 257 Seiten Illustrationen, Diagramme txt rdacontent n rdamedia nc rdacarrier Geschichte gnd rswk-swf Tontine life insurance policies Lebensversicherung (DE-588)4034928-7 gnd rswk-swf Großbritannien (DE-588)4022153-2 gnd rswk-swf Großbritannien (DE-588)4022153-2 g Lebensversicherung (DE-588)4034928-7 s Geschichte z DE-604 Erscheint auch als Online-Ausgabe 978-1-139-87931-6 Digitalisierung UB Augsburg - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=029133799&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Milevsky, Moshe Arye 1967- King William's tontine why the retirement annuity of the future should resemble its past Tontine life insurance policies Lebensversicherung (DE-588)4034928-7 gnd |
| subject_GND | (DE-588)4034928-7 (DE-588)4022153-2 |
| title | King William's tontine why the retirement annuity of the future should resemble its past |
| title_auth | King William's tontine why the retirement annuity of the future should resemble its past |
| title_exact_search | King William's tontine why the retirement annuity of the future should resemble its past |
| title_full | King William's tontine why the retirement annuity of the future should resemble its past Moshe A. Milevsky (York University, Toronto) |
| title_fullStr | King William's tontine why the retirement annuity of the future should resemble its past Moshe A. Milevsky (York University, Toronto) |
| title_full_unstemmed | King William's tontine why the retirement annuity of the future should resemble its past Moshe A. Milevsky (York University, Toronto) |
| title_short | King William's tontine |
| title_sort | king william s tontine why the retirement annuity of the future should resemble its past |
| title_sub | why the retirement annuity of the future should resemble its past |
| topic | Tontine life insurance policies Lebensversicherung (DE-588)4034928-7 gnd |
| topic_facet | Tontine life insurance policies Lebensversicherung Großbritannien |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=029133799&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT milevskymoshearye kingwilliamstontinewhytheretirementannuityofthefutureshouldresembleitspast |