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Economics of Research and Innovation in Agriculture
Moser, Petra - 2020
evidence on the forces that drive research and innovation in agriculture. This book aims to provides such evidence through …
Persistent link: https://www.econbiz.de/10012481664
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Economics of research and innovation in agriculture
Moser, Petra (ed.) - NBER Conference on the Economics of Research and … - 2021
--Venture capital and the transformation of private R&D for agriculture /Gregory D. Graff, Felipe de Fueiredo Silva, David …"The challenges facing agriculture are plenty. Along with the world's growing population and diminishing amounts of … agriculture keep pace with earth's social, population, and ecological changes. In the last 50 years, mechanical, biological, and …
Persistent link: https://www.econbiz.de/10012484895
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The Costs of Annuitizing Retirement Payouts from Individual Accounts
Poterba, James M. - 1999
This paper presents new evidence on the costs of purchasing private annuity contracts to spread a given stock of assets over an uncertain future lifetime. It also describes the operation of individual annuity arrangements within two large group retirement saving plans. First presents information...
Persistent link: https://www.econbiz.de/10012471893
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Annuity Pricing in Public Pension Plans : Importance of Interest Rates
Abashidze, Nino - 2018
There is little systematic information on the distribution options in public sector retirement plans and how annuity options are priced relative to the standard single life annuity. This study examines the distribution options of 85 large public retirement plans covering general state employees,...
Persistent link: https://www.econbiz.de/10012480994
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Life is Cheap : Using Mortality Bonds to Hedge Aggregate Mortality Risk
Friedberg, Leora - 2006
Using the widely-cited Lee-Carter mortality model, we quantify aggregate mortality risk as the risk that the average annuitant lives longer than is predicted by the model, and we conclude that annuity business exposes insurance companies to substantial mortality risk. We calculate that a markup...
Persistent link: https://www.econbiz.de/10012466687
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Accounting for Exchange Rate Variability in Present-Value Models When the Discount Factor is Near One
Engel, Charles - 2004
Nominal exchange rates in low-inflation advanced countries are nearly random walks. Engel and West (2003a) offer an explanation for this in the context of models in which the exchange rate is determined as the discounted sum of current and expected future fundamentals. Engel and West show that...
Persistent link: https://www.econbiz.de/10012468426
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Annuity Options in Public Pension Plans : The Curious Case of Social Security Leveling
Clark, Robert L. - 2017
Social Security Leveling is an annuity option that allows participants to receive a level income before and after age 62. The retiree receives a larger pension benefit prior to age 62, but then the pension benefit is lowered at age 62 when the individual is expected to claim Social Security...
Persistent link: https://www.econbiz.de/10012455419
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Leaving Big Money on the Table : Arbitrage Opportunities in Delaying Social Security
Bronshtein, Gila - 2016
Recent research has documented that delaying the commencement of Social Security benefits increases the expected present value of retirement income for most people. Despite this research, the vast majority of individuals claim Social Security at or before full retirement age. Claiming Social...
Persistent link: https://www.econbiz.de/10012455827
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Putting the Pension Back in 401(k) Plans : Optimal versus Default Longevity Income Annuities
Horneff, Vanya - 2016
Most defined contribution pension plans pay benefits as lump sums, yet the US Treasury has recently encouraged firms to protect retirees from outliving their assets by converting a portion of their plan balances into longevity income annuities (LIA). These are deferred annuities which initiate...
Persistent link: https://www.econbiz.de/10012455963
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The Rest of the World's Dollar-Weighted Return on U.S. Treasurys
Jiang, Zhengyang; Krishnamurthy, Arvind; Lustig, Hanno - National Bureau of Economic Research - 2022
Since 1980, foreign investors have timed their purchases and sales of U.S. Treasurys to yield particularly low returns. Their annual dollar-weighted returns, measured by IRRs, are around 3% lower than a buy-and-hold strategy over the same horizon. In comparison, the IRRs achieved by domestic...
Persistent link: https://www.econbiz.de/10013210117