36 citations · 36 across the 1 of their papers we have counts for
2 papers
q-fin.RM2020★ 36 cited
Quantifying the trade-off between income stability and the number of members in a pooled annuity fund
Thomas Bernhardt, Catherine Donnelly
The number of people who receive a stable income for life from a closed pooled annuity fund is studied. Income stability is defined as keeping the income within a specified toleran…
q-fin.PM2019
Modern tontine with bequest: innovation in pooled annuity products
Thomas Bernhardt, Catherine Donnelly
We introduce a new pension product that offers retirees the opportunity for a lifelong income and a bequest for their estate. Based on a tontine mechanism, the product divides pens…