Retirement Income Recipes in R From Ruin Probabilities to Intelligent Drawdowns
This book provides computational tools that readers can use to flourish in the retirement income industry. Each chapter describes recipe-like algorithms and explains how to implement them via simple scripts in the freely available R coding language. Students can use those skills to generate quantita...
| Main Author: | |
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| Format: | eBook |
| Language: | English |
| Published: |
Cham
Springer International Publishing
2020, 2020
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| Edition: | 1st ed. 2020 |
| Series: | Use R!
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| Subjects: | |
| Online Access: | |
| Collection: | Springer eBooks 2005- - Collection details see MPG.ReNa |
Table of Contents:
- 1 Setting Expectations and Deviations
- 2 Loading and Getting to Know R
- 3 Coding the (Simple) Financial Life-cycle Model
- 4 Data in R: The Family Balance Sheet
- 5 Portfolio Longevity: Deterministic & Stochastic
- 6 Modeling the Risk of Sequence-of-Returns
- 7 Modeling Human Longevity and Life Tables
- 8 Life & Death in Continuous Time: Gompertz 101
- 9 The Lifetime Ruin Probability (LRP)
- 10 Life Annuities: From Immediate to Deferred
- 11 Intelligent Drawdown Rates
- 12 Pensionization: From Benefits to Utility
- 13 Biological (and other) Ages
- 14 Exotic Annuities for Longevity Risk
- 15 Very Last Thoughts
- Glossary of User Defined R-Functions.