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Asset allocation and the liquidity premium for illiquid annuities

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<title>Asset allocation and the liquidity premium for illiquid annuities</title>
</titleInfo>
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<title>The Journal of risk and insurance</title>
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<name type="personal" usage="primary" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080009489">
<namePart>Browne, S.</namePart>
<nameIdentifier>MAPA20080009489</nameIdentifier>
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<name type="personal" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080141264">
<namePart>Milevsky, M. A.</namePart>
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<name type="personal" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080177867">
<namePart>Salisbury, T. S.</namePart>
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<placeTerm type="code" authority="marccountry">usa</placeTerm>
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<dateIssued encoding="marc">2003</dateIssued>
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<abstract>This article develops a model for analizing the ex ante liquidity  premium demanded by the holder of an illiquid annuity.</abstract>
<note type="statement of responsibility">S. Browne, M. A. Milevsky and T. S. Salisbury</note>
<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080573614">
<topic>Renta vitalicia</topic>
</subject>
<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080547967">
<topic>Liquidez</topic>
</subject>
<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080542160">
<topic>Primas</topic>
</subject>
<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080592455">
<topic>Planes de pensiones</topic>
</subject>
<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080579258">
<topic>Cálculo actuarial</topic>
</subject>
<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080592042">
<topic>Modelos matemáticos</topic>
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<title>The Journal of risk and insurance</title>
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<publisher>Orlando</publisher>
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<identifier type="local">MAP20077000727</identifier>
<part>
<text>Volume 70, number 3, September 2003 ;  p. 509-526</text>
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<recordIdentifier source="MAP">MAP20071504235</recordIdentifier>
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