15 citations · 15 across the 4 of their papers we have counts for
4 papers
Habit Formation, Labor Supply, and the Dynamics of Retirement and Annuitization
Criscent Birungi, Cody Hyndman
The decision to annuitize wealth in retirement planning has become increasingly complex due to rising longevity risk and changing retirement patterns, including increased labor for…
Optimal annuitization with labor income under age-dependent force of mortality
Criscent Birungi, Cody Hyndman
We consider the problem of optimal annuitization with labour income, where an agent aims to maximize utility from consumption and labour income under age-dependent force of mortali…
GMWB Riders in a Binomial Framework - Pricing, Hedging, and Diversification of Mortality Risk
Cody B. Hyndman, Menachem Wenger
We construct a binomial model for a guaranteed minimum withdrawal benefit (GMWB) rider to a variable annuity (VA) under optimal policyholder behaviour. The binomial model results i…
Valuation Perspectives and Decompositions for Variable Annuities with GMWB riders
Cody B. Hyndman, Menachem Wenger
The guaranteed minimum withdrawal benefit (GMWB) rider, as an add on to a variable annuity (VA), guarantees the return of premiums in the form of peri- odic withdrawals while allow…