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A common thread linking the design of guarantee and nonescalating payments of public annuities
Lau, Sau-Him Paul; Zhang, Qilin - In: The journal of risk & insurance 90 (2023) 3, pp. 703-742
Persistent link: https://www.econbiz.de/10014364564
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Severity reduction and private market distortion effects of voluntary and mandatory public annuity plans
Lau, Sau-Him Paul; Zhang, Qilin - In: Macroeconomic dynamics 28 (2024) 2, pp. 403-425
Persistent link: https://www.econbiz.de/10014485314
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A Common Thread Linking the Design of Guarantee and Non-Escalating Payments of Public Annuities
Lau, Sau-Him Paul; Zhang, Qilin - 2021
Motivated by Diamond (2004) and the experiences in economies adopting the defined-contribution pension system, we study public annuities in the presence of survival probability heterogeneity. It is found that the annuitization-weighted average of survival probabilities is a useful measure of the...
Persistent link: https://www.econbiz.de/10013312747
Cover Image
A Common Thread Linking the Design of Guarantee and Non-Escalating Payments of Public Annuities
Lau, Sau-Him Paul; Zhang, Qilin - 2021
Motivated by Diamond (2004) and the experiences in economies adopting the defined-contribution pension system, we study public annuities in the presence of survival probability heterogeneity. It is found that the annuitization-weighted average of survival probabilities is a useful measure of the...
Persistent link: https://www.econbiz.de/10013227344