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Product Description
The Calculus of Retirement Income: Financial Models for Pension Annuities and Life Insurance (9780521842587): Moshe A. Milevsky: Books. This very readable book is a landmark in the area of life insurance, pensions and long risk analysis. Integrating actuarial and financial approaches, the book provides an approach which is both theoretically elegant and practical in applications. It is highly recommended for both academics and those in industry. -Michael Orszag, Watson WyattMillions of baby boomers turning 60 have suddenly awakened to the need to protect their retirement futures. The Calculus of Retirement Income is a useful tool for those devising sensible financial plans and helping manage wealth in the face of capital market and mortality risk. Witty, serious, and entertaining at the same time, the volume will be an invaluable resource for actuarial and financial students, practitioners, and researchers interested in actuarial and financial strategies to avoid ruin. -Olivia S. Mitchell, The Wharton SchoolThis is a wonderful reference book for anyone interested in the quantitative modeling of pensions and retirement income. I plan to use it in the course in advanced topics in investing that I teach to MBAs at Boston University. -Zvi Bodie, Boston UniversityAlmost everyone needs to plan for retirement. But investment planners and actuaries can rarely share their expertise. Moshe Milevsky mathematically puts it altogether, while still making his book accessible to students and quantitatively oriented professionals. Wonderful as a text or reference book! -Roger Ibbotson, Chairman of Ibbotson Associates and Yale UniversityDr. Moshe Milevsky has just published a book any serious financial advisor should read...Milevsky has long been one of the most compelling theorists on calculating the odds of outliving one's money...this book should make the average financial professional feel humble. In contrast to the knee-jerk platitudes so many industry members dispense to clients, Milevsky delivers page after page of solid financial analysis. Even those who can follow the math will be hard-pressed to answer the problems he poses at the end of each chapter. -Jonathan Chevreau, Financial Post...this book has a unique approach in that it normatively explores how to structure financial issues during the retirement period...This volume is a must-have for anyone interested in quantitative financial planning. -Raimond Maurer and Wolfram Horneff, Journal of Pension Economics and Finance
Shipping Weight: 2 pounds
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