The impact of longevity improvements on U.S. corporate defined benefit pension plans:
Gespeichert in:
| Format: | Elektronisch E-Book |
|---|---|
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C.]
International Monetary Fund
©2012
|
| Schriftenreihe: | IMF working paper
WP/12/170 |
| Schlagworte: | |
| Online-Zugang: | FAW01 FAW02 FLA01 |
| Beschreibung: | Title from PDF title page (IMF Web site, viewed Jul. 7, 2012). - "Monetary and Capital Markets and Fiscal Affairs Department.". - "June 2012." This paper provides the first empirical assessment of the impact of life expectancy assumptions on the liabilities of private U.S. defined benefit (DB) pension plans. Using detailed actuarial and financial information provided by the U.S. Department of Labor, we construct a longevity variable for each pension plan and then measure the impact of varying life expectancy assumptions across plans and over time on pension plan liabilities. The results indicate that each additional year of life expectancy increases pension liabilities by about 3 to 4 percent. This effect is not only statistically highly significant but also economically: each year of additional life expectancy would increase private U.S. DB pension plan liabilities by as much as $84 billion Includes bibliographical references |
| Beschreibung: | 34 pages |
| ISBN: | 1475554974 9781475554977 |
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| 245 | 1 | 0 | |a The impact of longevity improvements on U.S. corporate defined benefit pension plans |c prepared by Michael Kisser [and others] |
| 264 | 1 | |a [Washington, D.C.] |b International Monetary Fund |c ©2012 | |
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| 500 | |a Title from PDF title page (IMF Web site, viewed Jul. 7, 2012). - "Monetary and Capital Markets and Fiscal Affairs Department.". - "June 2012." | ||
| 500 | |a This paper provides the first empirical assessment of the impact of life expectancy assumptions on the liabilities of private U.S. defined benefit (DB) pension plans. Using detailed actuarial and financial information provided by the U.S. Department of Labor, we construct a longevity variable for each pension plan and then measure the impact of varying life expectancy assumptions across plans and over time on pension plan liabilities. The results indicate that each additional year of life expectancy increases pension liabilities by about 3 to 4 percent. This effect is not only statistically highly significant but also economically: each year of additional life expectancy would increase private U.S. DB pension plan liabilities by as much as $84 billion | ||
| 500 | |a Includes bibliographical references | ||
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| 650 | 4 | |a Wirtschaft | |
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| 650 | 4 | |a Pensions |z United States |x Econometric models | |
| 650 | 4 | |a Longevity |z United States |x Econometric models | |
| 650 | 4 | |a Life expectancy |z United States |x Econometric models | |
| 651 | 4 | |a USA | |
| 700 | 1 | |a Kisser, Michael |e Sonstige |4 oth | |
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| discipline | Wirtschaftswissenschaften |
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| geographic | USA |
| geographic_facet | USA |
| id | DE-604.BV043786742 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T07:35:07Z |
| institution | BVB |
| isbn | 1475554974 9781475554977 |
| language | English |
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| physical | 34 pages |
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| publishDate | 2012 |
| publishDateSearch | 2012 |
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| publisher | International Monetary Fund |
| record_format | marc |
| series2 | IMF working paper |
| spelling | The impact of longevity improvements on U.S. corporate defined benefit pension plans prepared by Michael Kisser [and others] [Washington, D.C.] International Monetary Fund ©2012 34 pages txt rdacontent c rdamedia cr rdacarrier IMF working paper WP/12/170 Title from PDF title page (IMF Web site, viewed Jul. 7, 2012). - "Monetary and Capital Markets and Fiscal Affairs Department.". - "June 2012." This paper provides the first empirical assessment of the impact of life expectancy assumptions on the liabilities of private U.S. defined benefit (DB) pension plans. Using detailed actuarial and financial information provided by the U.S. Department of Labor, we construct a longevity variable for each pension plan and then measure the impact of varying life expectancy assumptions across plans and over time on pension plan liabilities. The results indicate that each additional year of life expectancy increases pension liabilities by about 3 to 4 percent. This effect is not only statistically highly significant but also economically: each year of additional life expectancy would increase private U.S. DB pension plan liabilities by as much as $84 billion Includes bibliographical references BUSINESS & ECONOMICS / Finance bisacsh Wirtschaft Ökonometrisches Modell Pensions United States Econometric models Longevity United States Econometric models Life expectancy United States Econometric models USA Kisser, Michael Sonstige oth International Monetary FundXXbMonetary and Capital Markets Department Sonstige oth International Monetary FundXXbFiscal Affairs Department Sonstige oth |
| spellingShingle | The impact of longevity improvements on U.S. corporate defined benefit pension plans BUSINESS & ECONOMICS / Finance bisacsh Wirtschaft Ökonometrisches Modell Pensions United States Econometric models Longevity United States Econometric models Life expectancy United States Econometric models |
| title | The impact of longevity improvements on U.S. corporate defined benefit pension plans |
| title_auth | The impact of longevity improvements on U.S. corporate defined benefit pension plans |
| title_exact_search | The impact of longevity improvements on U.S. corporate defined benefit pension plans |
| title_full | The impact of longevity improvements on U.S. corporate defined benefit pension plans prepared by Michael Kisser [and others] |
| title_fullStr | The impact of longevity improvements on U.S. corporate defined benefit pension plans prepared by Michael Kisser [and others] |
| title_full_unstemmed | The impact of longevity improvements on U.S. corporate defined benefit pension plans prepared by Michael Kisser [and others] |
| title_short | The impact of longevity improvements on U.S. corporate defined benefit pension plans |
| title_sort | the impact of longevity improvements on u s corporate defined benefit pension plans |
| topic | BUSINESS & ECONOMICS / Finance bisacsh Wirtschaft Ökonometrisches Modell Pensions United States Econometric models Longevity United States Econometric models Life expectancy United States Econometric models |
| topic_facet | BUSINESS & ECONOMICS / Finance Wirtschaft Ökonometrisches Modell Pensions United States Econometric models Longevity United States Econometric models Life expectancy United States Econometric models USA |
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