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Taxation and policyholder behavior: the case of guaranteed minimum accumulation benefits

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  • Jennifer Alonso Garcia
  • Michael Sherris
  • Samuel Thirurajah
  • Jonathan Ziveyi

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  • Jennifer Alonso Garcia & Michael Sherris & Samuel Thirurajah & Jonathan Ziveyi, 2020. "Taxation and policyholder behavior: the case of guaranteed minimum accumulation benefits," ULB Institutional Repository 2013/307889, ULB -- Universite Libre de Bruxelles.
    • Handle: RePEc:ulb:ulbeco:2013/307889
    Note: Sponsorship: ARC Centre of Excellence in Population Ageing Research ; CE17010005
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    References listed on IDEAS

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    12. Ulm, Eric, 2018. "The effect of retirement taxation rules on the value of guaranteed lifetime withdrawal benefits," Working Paper Series 7607, Victoria University of Wellington, School of Economics and Finance.
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    21. Bernard, Carole & MacKay, Anne & Muehlbeyer, Max, 2014. "Optimal surrender policy for variable annuity guarantees," Insurance: Mathematics and Economics, Elsevier, vol. 55(C), pages 116-128.
    22. Bernheim, B. Douglas, 2002. "Taxation and saving," Handbook of Public Economics, in: A. J. Auerbach & M. Feldstein (ed.), Handbook of Public Economics, edition 1, volume 3, chapter 18, pages 1173-1249, Elsevier.
    23. Kang, Boda & Ziveyi, Jonathan, 2018. "Optimal surrender of guaranteed minimum maturity benefits under stochastic volatility and interest rates," Insurance: Mathematics and Economics, Elsevier, vol. 79(C), pages 43-56.
    24. Hazel Bateman & Christine Eckert & Fedor Iskhakov & Jordan Louviere & Stephen Satchell & Susan Thorp, 2018. "Individual Capability and Effort in Retirement Benefit Choice," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 85(2), pages 483-512, June.
    25. Bauer, Daniel & Kling, Alexander & Russ, Jochen, 2008. "A Universal Pricing Framework for Guaranteed Minimum Benefits in Variable Annuities1," ASTIN Bulletin, Cambridge University Press, vol. 38(2), pages 621-651, November.
    26. Carl Chiarella & Boda Kang & Gunter H. Meyer & Andrew Ziogas, 2009. "The Evaluation Of American Option Prices Under Stochastic Volatility And Jump-Diffusion Dynamics Using The Method Of Lines," International Journal of Theoretical and Applied Finance (IJTAF), World Scientific Publishing Co. Pte. Ltd., vol. 12(03), pages 393-425.
    27. Calcagno, Riccardo & Monticone, Chiara, 2015. "Financial literacy and the demand for financial advice," Journal of Banking & Finance, Elsevier, vol. 50(C), pages 363-380.
    28. Daniel Bauer & Jin Gao & Thorsten Moenig & Eric R. Ulm & Nan Zhu, 2017. "Policyholder Exercise Behavior in Life Insurance: The State of Affairs," North American Actuarial Journal, Taylor & Francis Journals, vol. 21(4), pages 485-501, October.
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    30. Poterba, James M. & Samwick, Andrew A., 2003. "Taxation and household portfolio composition: US evidence from the 1980s and 1990s," Journal of Public Economics, Elsevier, vol. 87(1), pages 5-38, January.
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    Keywords

    taxation; retirement income; policyholder behavior; pricing; method of lines; surrender; variable annuity;
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