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Více o knize
Focusing on the origins of longevity risk management, this historical study explores its connections to religious institutions in the eighteenth century. It highlights how monarchs and wealthy patrons committed to providing pensions and life annuities, reflecting the biblical idea of 'daily bread for life.' The book delves into the economic challenges faced due to uncertainties about beneficiaries' lifespans, which often resulted in insufficient funding and high default rates prior to the eighteenth century.
Nákup knihy
The Religious Roots of Longevity Risk Sharing, Moshe A. Milevsky
- Jazyk
- Rok vydání
- 2024
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- Titul
- The Religious Roots of Longevity Risk Sharing
- Podtitul
- The Genesis of Annuity Funds in the Scottish Enlightenment and the Path to Modern Pension Management
- Jazyk
- anglicky
- Autoři
- Moshe A. Milevsky
- Vydavatel
- Springer Nature Switzerland
- Rok vydání
- 2024
- Vazba
- pevná
- Počet stran
- 288
- ISBN13
- 9783031624025
- Série
- Anotace
- Focusing on the origins of longevity risk management, this historical study explores its connections to religious institutions in the eighteenth century. It highlights how monarchs and wealthy patrons committed to providing pensions and life annuities, reflecting the biblical idea of 'daily bread for life.' The book delves into the economic challenges faced due to uncertainties about beneficiaries' lifespans, which often resulted in insufficient funding and high default rates prior to the eighteenth century.