Optimal Consumption and Annuity Equivalent Wealth with Mortality Model Uncertainty

Authors:

Zhengming Li
Yang Shen, PhD
Jianxi Su, PhD, FSA

Report Description Paragraph:

The Society of Actuaries Research Institute is pleased to make available a report that aims to understand the cause of low annuity demand through the angle of mortality model uncertainty.

Report:

Optimal Consumption and Annuity Equivalent Wealth with Mortality Model Uncertainty

Optimal Consumption Report - Fast Facts

Acknowledgments:

The Society of Actuaries would like to thank the Project Oversight Group for their input and guidance on this report:

Noel Abkemeier, Chair
Jing Fritz
Daniel Jury
Cindy Levering
Andrew Mcintosh
Larry Pollack
Michael Sowa
Andrei Titioura
Steve Vernon
Barbara Scott, SOA Sr. Research Administrator
Steven Siegel, SOA Sr. Research Actuary

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