| 書(shū)目名稱(chēng) | The Religious Roots of Longevity Risk Sharing | | 副標(biāo)題 | The Genesis of Annui | | 編輯 | Moshe A. Milevsky | | 視頻video | http://file.papertrans.cn/919/918441/918441.mp4 | | 概述 | Illuminates the religious and institutional contexts for the development of the first pooled annuity scheme.Explores the role of religious and Enlightenment thinking in actuarial history.Provides the | | 圖書(shū)封面 |  | | 描述 | .This book presents a unique historical study on the origins of longevity risk management and its links to religious institutions in the eighteenth century. Throughout history, monarchs, affluent patrons, and wealthy benefactors routinely pledged to provide their devotees with pensions or life annuities, mirroring the biblical concept of ‘daily bread for life’. Until the eighteenth century, however, the uncertainty around the longevity of beneficiaries’ lives and the difficulty of budgeting for random financial obligations had posed economic challenges that often led to insufficient funding and high default rates...This book narrates the genesis of longevity risk pooling and the first successfully funded annuity scheme in history, an eventual prototype for national pension plans around the world. It examines how a group of Protestant clergymen, scientists, and intellectuals associated with the Presbyterian Church of Scotland pioneered innovative methods for setting up a reversionary annuity and widow’s pension plan, guided by actuarial principles. Unknown to many, the economist Adam Smith, and other literati of the Scottish Enlightenment, invested in this novel annuity. Illuminatin | | 出版日期 | Book 2024 | | 關(guān)鍵詞 | Longevity Risk; Enlightenment; Religious Thinking; Protestants; Trustees; Modern Pensions; Early Annuity F | | 版次 | 1 | | doi | https://doi.org/10.1007/978-3-031-62403-2 | | isbn_softcover | 978-3-031-62405-6 | | isbn_ebook | 978-3-031-62403-2 | | copyright | The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerl |
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