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The Economic Theory Of Annuities

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Originally published October 22, 2007
Authors Eytan Sheshinski
Date of Reg.
Date of Upd.
ID2008409
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About The Economic Theory Of Annuities


Annuities are financial products that guarantee the holder a fixed return so long as the holder remains alive, thereby providing insurance against lifetime uncertainty. The terms of these contracts depend on the information available to insurance firms. . . .

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