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Tontines and their modern (re)discovery

Author

Listed:
  • An Chen

    (Ulm University)

  • Alexander Muermann

    (WU Vienna and Vienna Graduate School of Finance (VGSF))

  • Casey Rothschild

    (Wellesley College)

Abstract

No abstract is available for this item.

Suggested Citation

  • An Chen & Alexander Muermann & Casey Rothschild, 2025. "Tontines and their modern (re)discovery," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 50(1), pages 1-5, March.
    • Handle: RePEc:pal:genrir:v:50:y:2025:i:1:d:10.1057_s10713-025-00109-z
    DOI: 10.1057/s10713-025-00109-z
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    References listed on IDEAS

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    1. Valdez, Emiliano A. & Piggott, John & Wang, Liang, 2006. "Demand and adverse selection in a pooled annuity fund," Insurance: Mathematics and Economics, Elsevier, vol. 39(2), pages 251-266, October.
    2. Donnelly, C. & Young, J., 2017. "Product options for enhanced retirement income," British Actuarial Journal, Cambridge University Press, vol. 22(3), pages 636-656, September.
    3. Amy Finkelstein & James Poterba, 2014. "Testing for Asymmetric Information Using “Unused Observables” in Insurance Markets: Evidence from the U.K. Annuity Market," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 81(4), pages 709-734, December.
    4. Chen, An & Hieber, Peter & Rach, Manuel, 2021. "Optimal retirement products under subjective mortality beliefs," Insurance: Mathematics and Economics, Elsevier, vol. 101(PA), pages 55-69.
    5. Milevsky, Moshe A. & Salisbury, Thomas S., 2015. "Optimal retirement income tontines," Insurance: Mathematics and Economics, Elsevier, vol. 64(C), pages 91-105.
    6. Antoine Bommier, 2006. "Uncertain Lifetime And Intertemporal Choice: Risk Aversion As A Rationale For Time Discounting," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 47(4), pages 1223-1246, November.
    7. Bernhardt, Thomas & Donnelly, Catherine, 2019. "Modern tontine with bequest: Innovation in pooled annuity products," Insurance: Mathematics and Economics, Elsevier, vol. 86(C), pages 168-188.
    8. Stamos, Michael Z., 2008. "Optimal consumption and portfolio choice for pooled annuity funds," Insurance: Mathematics and Economics, Elsevier, vol. 43(1), pages 56-68, August.
    9. An Chen & Linyi Qian & Zhixin Yang, 2021. "Tontines with mixed cohorts," Scandinavian Actuarial Journal, Taylor & Francis Journals, vol. 2021(5), pages 437-455, May.
    10. John Piggott & Emiliano A. Valdez & Bettina Detzel, 2005. "The Simple Analytics of a Pooled Annuity Fund," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 72(3), pages 497-520, September.
    11. Amy Finkelstein & James Poterba, 2004. "Adverse Selection in Insurance Markets: Policyholder Evidence from the U.K. Annuity Market," Journal of Political Economy, University of Chicago Press, vol. 112(1), pages 183-208, February.
    12. Yikang Li & Casey Rothschild, 2020. "Selection and Redistribution in the Irish Tontines of 1773, 1775, and 1777," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 87(3), pages 719-750, September.
    13. Hanewald, Katja & Piggott, John & Sherris, Michael, 2013. "Individual post-retirement longevity risk management under systematic mortality risk," Insurance: Mathematics and Economics, Elsevier, vol. 52(1), pages 87-97.
    14. Menahem E. Yaari, 1965. "Uncertain Lifetime, Life Insurance, and the Theory of the Consumer," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 32(2), pages 137-150.
    15. Milevsky, Moshe A., 2014. "Portfolio choice and longevity risk in the late seventeenth century: a re-examination of the first English tontine," Financial History Review, Cambridge University Press, vol. 21(3), pages 225-258, December.
    16. Chen, An & Rach, Manuel, 2019. "Options on tontines: An innovative way of combining tontines and annuities," Insurance: Mathematics and Economics, Elsevier, vol. 89(C), pages 182-192.
    17. Thomas Bernhardt & Catherine Donnelly, 2019. "Modern tontine with bequest: innovation in pooled annuity products," Papers 1903.05990, arXiv.org.
    18. Moshe A. Milevsky & Thomas S. Salisbury, 2024. "The Riccati Tontine: How to Satisfy Regulators on Average," Papers 2402.14555, arXiv.org.
    19. Chen, An & Hieber, Peter & Klein, Jakob K., 2019. "Tonuity: A Novel Individual-Oriented Retirement Plan," ASTIN Bulletin, Cambridge University Press, vol. 49(1), pages 5-30, January.
    20. Chen, An & Rach, Manuel & Sehner, Thorsten, 2020. "On The Optimal Combination Of Annuities And Tontines," ASTIN Bulletin, Cambridge University Press, vol. 50(1), pages 95-129, January.
    Full references (including those not matched with items on IDEAS)

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