Other Research

Bernhardt, T., and C. Donnelly. (2019). Modern Tontine with Bequest: Innovation in Pooled Annuity Products. Insurance: Mathematics and Economics, 86 (May): 168–88.


Chen, A., P. Hieber, and J. Klein. (2019). Tonuity: A Novel Individual-Oriented Retirement Plan. ASTIN Bulletin, 49 (1): 5–30.


Donnelly, C. (2015). Actuarial fairness and solidarity in pooled annuity funds. ASTIN Bulletin, 45(01):49–74.


Donnelly, C., Guillén, M., and Nielsen, J. P. (2013). Exchanging uncertain mortality for a cost. Insurance: Mathematics and Economics, 52(1):65–76.


Donnelly, C., Guillén, M., and Nielsen, J. P. (2014). Bringing cost transparency to the life annuity market. Insurance: Mathematics and Economics, 56:14–27.


Goldsticker, R. (2007). A Mutual Fund to Yield Annuity-Like Benefits. Financial Analysts Journal, 63(1):63–67.


Gründel, H. and Wandt, M. (July 6, 2017). The modern tontine: An innovative instrument for longevity risk management in an aging society. ICIR Working Paper Series No. 22/2016.

Hellwege, Phillip, ed. (2018). The Past, Present, and Future of Tontines. Berlin: Duncker & Humblot GmbH.


McKeever, K. (2015). A Short History of Tontines. Fordham Journal of Corporate & Financial Law, 15 (2): 491–521.


Milevsky, M. A. (2006). The Calculus of Retirement Income. Cambridge, UK: Cambridge University Press.


Milevsky, M. A. (2015). King William’s Tontine: Why the Retirement Annuity of the Future Should Resemble Its Past. Cambridge, UK: Cambridge University Press.


Milevsky, M. A. and Salisbury, T. S. (2015). Optimal Retirement Income Tontines. Insurance: Mathematics and Economics, 64:91–105.


Milevsky, M. A. and Salisbury, T. S. (2016). Equitable retirement income tontines: Mixing cohorts without discriminating. ASTIN Bulletin, 46(3):571-604.


Newfield, P. (2014). The Tontine: An Improvement on the Conventional Annuity? Journal of Retirement, 1 (3): 37–48.


Piggott, J., Valdez, E. A., and Detzel, B. (2005). The simple analytics of a pooled annuity fund. Journal of Risk and Insurance, 72(3):497–520.


Stamos, M. Z. (2008) Optimal consumption and portfolio choice for pooled annuity funds. Insurance: Mathematics and Economics, 43(1):56–68.