Governments and the Market for Longevity-Indexed Bonds:

Uncertainty about length of life, longevity risk, is a growing financial problem for pension funds and annuity providers. They would like to transfer longevity risk away to institutions better placed to deal with it. Unfortunately, there is a lack of financial instruments to hedge against this longe...

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Bibliographic Details
Main Author: Antolín, Pablo (Author)
Other Authors: Blommestein, Hans J.. (Contributor)
Format: Electronic eBook
Language:English
Published: Paris OECD Publishing 2007
Series:OECD Working Papers on Insurance and Private Pensions
Subjects:
Online Access:Volltext
Summary:Uncertainty about length of life, longevity risk, is a growing financial problem for pension funds and annuity providers. They would like to transfer longevity risk away to institutions better placed to deal with it. Unfortunately, there is a lack of financial instruments to hedge against this longevity risk, thereby complicating risk management by pension funds and hindering the expansion of the annuity market. Consequently, this paper examines the role of government in...
Physical Description:1 Online-Ressource (17 Seiten) 21 x 29.7cm
DOI:10.1787/260561411283