Longevity Risk and Private Pensions:

This paper examines how uncertainty regarding future mortality and life expectancy outcomes, i.e. longevity risk, affects employer-provided defined benefit (DB) private pension plans liabilities. The paper argues that to assess uncertainty and associated risks adequately, a stochastic approach to mo...

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Bibliographic Details
Main Author: Antolín, Pablo (Author)
Format: Electronic eBook
Language:English
Published: Paris OECD Publishing 2007
Series:OECD Working Papers on Insurance and Private Pensions
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Online Access:Volltext
Summary:This paper examines how uncertainty regarding future mortality and life expectancy outcomes, i.e. longevity risk, affects employer-provided defined benefit (DB) private pension plans liabilities. The paper argues that to assess uncertainty and associated risks adequately, a stochastic approach to model mortality and life expectancy is preferable because it permits to attach probabilities to different forecasts. In this regard, the paper provides the results of estimating the Lee-Carter model for several OECD countries. Furthermore, it conveys the uncertainty surrounding future mortality and...
Physical Description:1 Online-Ressource (27 Seiten) 21 x 29.7cm
DOI:10.1787/261260613084

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