Showing 1 - 10 of 107
The prediction of future mortality improvements is of substantial importance for areas such as population projection …, government welfare policies, pension planning and annuity pricing. The Lee-Carter model is one of the widely applied mortality … models proposed to capture and predict the trend in mortality reductions. However, some studies have identified the presence …
Persistent link: https://www.econbiz.de/10013368320
Pension funds, which manage the financing of a large share of global retirement schemes, need to invest their assets in a diversified manner and over long durations while managing interest rate and longevity risks. In recent years, a new type of investment has emerged, that we call a longevity...
Persistent link: https://www.econbiz.de/10011867481
have been extensively used for estimating age patterns of mortality in poor-data countries. We propose a new model inspired …
Persistent link: https://www.econbiz.de/10012385009
We introduce four variants of the common age effect model proposed by Kleinow, which describes the mortality rates of … allow some insights in the historical mortality dynamics of the populations. Numerical results and graphical illustrations …
Persistent link: https://www.econbiz.de/10012508477
Persistent link: https://www.econbiz.de/10011811479
We are interested in defining the optimal retirement age by socio-economic class, given a Defined Benefit and a Notional Defined Contribution scheme. We firstly implement a utilitarian framework. Depending on the risk aversion coefficients and individual time preference factors, the results...
Persistent link: https://www.econbiz.de/10012373083
In small populations, mortality rates are characterized by a great volatility, the datasets are often available for a … few years and suffer from missing data. Therefore, standard mortality models may produce high uncertain and biologically … improbable projections. In this paper, we deal with the mortality projections of the Maltese population, a small country with …
Persistent link: https://www.econbiz.de/10012019318
accurate modelling and projection of mortality rates and life expectancy play a central role and represent issues of great … interest in recent literature. Our study refers to the Italian mortality experience and considers an indexing mechanism based … performances of selected stochastic mortality models, a model assembling technique is applied to face uncertainty in model …
Persistent link: https://www.econbiz.de/10012015957
Bayesian Model Ensemble of heterogeneous stochastic mortality models comprised of parametric models, principal component …
Persistent link: https://www.econbiz.de/10012597036
Numerous researchers acknowledge that the occupational pension protects employees. However, in China, the total cost of occupational pensions is shared between employees and employers, representing a significant financial commitment. This study aimed to explore the effect of the occupational...
Persistent link: https://www.econbiz.de/10014636506