Author: Moshe A. Milevsky
Publisher: Cambridge University Press
ISBN: 1107076129
Category : Business & Economics
Languages : en
Pages : 275
Book Description
The book reviews the finance, economics, and history of tontines, and argues that they should be resurrected in the twenty-first century.
King William's Tontine
Author: Moshe A. Milevsky
Publisher: Cambridge University Press
ISBN: 1316407314
Category : Business & Economics
Languages : en
Pages : 275
Book Description
In a time before bonds, treasury notes, or central banks, there were tontines. These were schemes in which a group of investors lent money to a government, corporation, or king, similar to a modern-day loan syndicate. But unlike conventional debt, periodic interest payments were distributed only to survivors. As tontine nominees died, the income of survivors correspondingly increased. Morbid, perhaps, but this was one of the earliest forms of longevity insurance in which the pool shared the risk. Moshe A. Milevsky tells the story of the first tontine issued by the English government in 1693, known as King William's tontine, intended to finance the war against French King Louis XIV. He explains how tontines work, the financial and economic thinking behind them, as well as why they fell into disrepute. Milevsky concludes with a provocative argument that suitably modified tontines should be resurrected for twenty-first-century retirement income planning.
Publisher: Cambridge University Press
ISBN: 1316407314
Category : Business & Economics
Languages : en
Pages : 275
Book Description
In a time before bonds, treasury notes, or central banks, there were tontines. These were schemes in which a group of investors lent money to a government, corporation, or king, similar to a modern-day loan syndicate. But unlike conventional debt, periodic interest payments were distributed only to survivors. As tontine nominees died, the income of survivors correspondingly increased. Morbid, perhaps, but this was one of the earliest forms of longevity insurance in which the pool shared the risk. Moshe A. Milevsky tells the story of the first tontine issued by the English government in 1693, known as King William's tontine, intended to finance the war against French King Louis XIV. He explains how tontines work, the financial and economic thinking behind them, as well as why they fell into disrepute. Milevsky concludes with a provocative argument that suitably modified tontines should be resurrected for twenty-first-century retirement income planning.
King William's Tontine
Author: Moshe A. Milevsky
Publisher: Cambridge University Press
ISBN: 1107076129
Category : Business & Economics
Languages : en
Pages : 275
Book Description
The book reviews the finance, economics, and history of tontines, and argues that they should be resurrected in the twenty-first century.
Publisher: Cambridge University Press
ISBN: 1107076129
Category : Business & Economics
Languages : en
Pages : 275
Book Description
The book reviews the finance, economics, and history of tontines, and argues that they should be resurrected in the twenty-first century.
Epidemics considered with relation to their common nature, and to climate and civilization. In two lectures
Author: Thomas Southwood SMITH
Publisher:
ISBN:
Category :
Languages : en
Pages : 88
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 88
Book Description
How to Build a Modern Tontine
Author: Moshe Arye Milevsky
Publisher: Springer Nature
ISBN: 3031009282
Category : Business & Economics
Languages : en
Pages : 169
Book Description
This open access book introduces the modern tontine and its applications in retirement and decumulation. Personal financial management in the later stages of life presents unique challenges, and renowned retirement planning expert Dr. Milevsky proposes the modern tontine as a solution. With the goal of guiding professionals and retirees in more efficient decumulation, the book demonstrates how to build a modern tontine. It is technically oriented, employing a cookbook format, featuring R code, and examining retirement planning through a statistical lens. This how-to guide, which is a sequel to his 2020 book “Retirement Income Recipes in R”, will be invaluable for retirement planning professionals and advisors, as well as for PhD scholars in retirement planning, quantitative finance, and related fields. This book is open access.
Publisher: Springer Nature
ISBN: 3031009282
Category : Business & Economics
Languages : en
Pages : 169
Book Description
This open access book introduces the modern tontine and its applications in retirement and decumulation. Personal financial management in the later stages of life presents unique challenges, and renowned retirement planning expert Dr. Milevsky proposes the modern tontine as a solution. With the goal of guiding professionals and retirees in more efficient decumulation, the book demonstrates how to build a modern tontine. It is technically oriented, employing a cookbook format, featuring R code, and examining retirement planning through a statistical lens. This how-to guide, which is a sequel to his 2020 book “Retirement Income Recipes in R”, will be invaluable for retirement planning professionals and advisors, as well as for PhD scholars in retirement planning, quantitative finance, and related fields. This book is open access.
Report
Author: Commonwealth Shipping Committee
Publisher:
ISBN:
Category : Shipping
Languages : en
Pages : 820
Book Description
Publisher:
ISBN:
Category : Shipping
Languages : en
Pages : 820
Book Description
Parliamentary Papers
Author: Great Britain. Parliament. House of Commons
Publisher:
ISBN:
Category : Bills, Legislative
Languages : en
Pages : 882
Book Description
Publisher:
ISBN:
Category : Bills, Legislative
Languages : en
Pages : 882
Book Description
Tontines: A Practitioner’s Guide to Mortality-Pooled Investments
Author: Richard K. Fullmer
Publisher: CFA Institute Research Foundation
ISBN: 1944960767
Category : Business & Economics
Languages : en
Pages : 54
Book Description
Tontines and similar mortality-pooled investment arrangements offer a useful and unique value proposition to the global retirement challenge.
Publisher: CFA Institute Research Foundation
ISBN: 1944960767
Category : Business & Economics
Languages : en
Pages : 54
Book Description
Tontines and similar mortality-pooled investment arrangements offer a useful and unique value proposition to the global retirement challenge.