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Annuities

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Abstract

An annuity provides a stream of payments until the death of the annuitant (pensioner). The price of annuities is strongly influenced by expectations at the time of purchase of the long-term interest rate on bonds. It also varies with the gender and age of the pensioner, as these determine their expected longevity.

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    Charles Sutcliffe

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Sutcliffe, C. (2016). Annuities. In: Finance and Occupational Pensions. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-94863-5_5

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  • DOI: https://doi.org/10.1057/978-1-349-94863-5_5

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  • Publisher Name: Palgrave Macmillan, London

  • Print ISBN: 978-1-349-94862-8

  • Online ISBN: 978-1-349-94863-5

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)

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