21 citations · 31 across the 15 of their papers we have counts for
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q-fin.MF2016
Optimal retirement income tontines
Moshe A. Milevsky, Thomas S. Salisbury
Tontines were once a popular type of mortality-linked investment pool. They promised enormous rewards to the last survivors at the expense of those died early. And, while this desi…
q-fin.MF2016
Equitable retirement income tontines: Mixing cohorts without discriminating
M. A. Milevsky, T. S. Salisbury
There is growing interest in the design of pension annuities that insure against idiosyncratic longevity risk while pooling and sharing systematic risk. This is partially motivated…