Annuities are financial products that guarantee the holder a fixed return so long as the holder remains alive, thereby providing insurance against lifetime uncertainty. The terms of these contracts depend on the information available to insurance firms. Unlike age and gender, information about individual survival probabilities cannot be readily ascertained. This asymmetric information causes market inefficiencies, such as adverse selection. Groundbreaking in its scope, The Economic Theory of Annuities offers readers a theoretical analysis of the functioning of private annuity markets. Starting with a general analysis of survival functions, stochastic dominance, and characterization of changes in longevity, Eytan Sheshinski derives the demand for annuities using a model of individuals who jointly choose their lifetime consumption and retirement age. The relation between life insurance and annuities that have a bequest option is examined and "annuity options" are proposed as a response to the lack of secondary markets.
This book also investigates the macroeconomic policy implications of annuities and changes in longevity on aggregate savings. Sheshinski utilizes statistical population theory to shed light on the debate of whether the surge in savings and growth in Asia and other countries can be attributed to higher longevity of the population and whether this surge is durable. This book shows how understanding annuities becomes essential as governments that grapple with insolvency of public social security systems place greater emphasis on individual savings accounts.
Prinsessan bodde i ett fasligt vackert slott tillsammans med sin pappa kungen och sin mamma drottningen och hundra hovdamer och lika många hovherrar. Några barn fanns det inte i hela slottet, för Lise-Lotta hade inga syskon, och drottningen trodde inte, att det gick an, att små prinsessor lekte med såna barn, som inte var prinsessor eller prinsar. Och eftersom Lise-Lotta aldrig såg några barn, så trodde hon att det bara fanns stora människor i världen och så hon själv, som var liten. Prinsessan Lise-lotta bor på ett slott fyllt med alla slags leksaker man kan tänka sig. Trots det tycker hon inte om att leka. Det är inte förrän hon träffar den jämnåriga flickan Maja, och hennes träklump till docka, som hon upptäcker lekens förtrollande kraft. Novellen Prinsessan som inte ville leka utkom första gången 1949 i samlingen Nils Karlsson Pyssling.
The end of the world would have been easy. Surviving Ankara Fever is practically impossible. As the global pandemic burns across the country, combat veteran Willie Wilder and his family set out to join their cohorts at DARE Ranch, the refuge they secured for just such an emergency. Rather than a happy homecoming, they quickly learn not everything goes to plan. Some friends won't make it. For those who do, getting there may be just the beginning of their trials. Mistaking seclusion for safety, the group comes to realize that rifles and fences won't keep a virus at bay. As an outbreak erupts on the ranch, life or death decisions may spell the end of the ranch, its members, and their dreams for the future.
The sequel to Ankara Fever: Journeys takes you to the refuge and people Roger Westover battles his way across the country to join.
Silver Winner 2010 IP'S Living Now Award 1st Runner Up 2010 Eric Hoffer Award Endorsement - 2010 IP's Highlighted Title Award Finalist 2010 Book of the Year Award by ForeWord Magazine Finalist 2010 USA Best Book Award Hojo Undo means supplementary training, and using these tools is the key for developing the devastating power of karate techniques.
Without Hojo Undo, a practitioner cannot reach the profound strength levels required for a lifetime of karate training. This book details how to construct and use many training tools; provides accurate mechanical drawings, comprehensive training methods, and an historical context to understand why Hojo Undo was created in old Okinawa. Warm up exercises Detailed construction drawings Build your own Hojo Undo tools! Learn how to use the tools to develop devastating power Link your increased power to fighting techniques Hear what Okinawan Masters say about Hojo Undo training"
If you've ever felt overwhelmed or clue about how to navigate through life after being diagnosed with fibromyalgia, an invisible illness, -My Invisible Cosmic Zebra Has Fibromyalgia--Now What?- is for you. The creative -how to- workbook aims to make invisibility no longer a disability for those managing an invisible illness.
Written from a non-medical perspective, teens and adults can use the 100-page workbook as a resource tool for understanding the myriad of funny-but-not-so-funny non-medical challenges they might encounter after diagnosis. The workbook is full of concrete and practical advice, thought-provoking ideas, coloring pages, and lots of lovable cosmic creatures who give comforting advice--all with the aim of bringing HOPE and HUMOR into the lives of those living with an invisible illness. The Invisible Cosmic Zebra Collection is published by Kitanie Books at www.invisibleillnessbooks.com.