Annuities in (N)DC Pension Schemes: Design, Heterogeneity, and Estimation Issues
This paper identifies and discusses four issues in creating annuities in (nonfinancial) defined contribution (NDC) schemes that are essential for systems' financial stability and fair inter or intragenerational redistribution. The first issue is the choice between incorporating the rate of retu...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2019
|
| Schriftenreihe: | World Bank E-Library Archive
|
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper identifies and discusses four issues in creating annuities in (nonfinancial) defined contribution (NDC) schemes that are essential for systems' financial stability and fair inter or intragenerational redistribution. The first issue is the choice between incorporating the rate of return into the annuity or into the exogenous indexation. The second issue is in choosing a projection method for life expectancy that produces systematically unbiased estimates. The third issue is at what age the projection of life expectancy is to be fixed over the remaining lifetime of the annuity. The final issue is the prevalence of socioeconomic heterogeneity within the insurance pool |
| Beschreibung: | 1 Online-Ressource |
| DOI: | 10.1596/31640 |
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| 520 | |a This paper identifies and discusses four issues in creating annuities in (nonfinancial) defined contribution (NDC) schemes that are essential for systems' financial stability and fair inter or intragenerational redistribution. The first issue is the choice between incorporating the rate of return into the annuity or into the exogenous indexation. The second issue is in choosing a projection method for life expectancy that produces systematically unbiased estimates. The third issue is at what age the projection of life expectancy is to be fixed over the remaining lifetime of the annuity. The final issue is the prevalence of socioeconomic heterogeneity within the insurance pool | ||
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| spellingShingle | Palmer, Edward Annuities in (N)DC Pension Schemes Design, Heterogeneity, and Estimation Issues |
| title | Annuities in (N)DC Pension Schemes Design, Heterogeneity, and Estimation Issues |
| title_auth | Annuities in (N)DC Pension Schemes Design, Heterogeneity, and Estimation Issues |
| title_exact_search | Annuities in (N)DC Pension Schemes Design, Heterogeneity, and Estimation Issues |
| title_exact_search_txtP | Annuities in (N)DC Pension Schemes Design, Heterogeneity, and Estimation Issues |
| title_full | Annuities in (N)DC Pension Schemes Design, Heterogeneity, and Estimation Issues Edward Palmer |
| title_fullStr | Annuities in (N)DC Pension Schemes Design, Heterogeneity, and Estimation Issues Edward Palmer |
| title_full_unstemmed | Annuities in (N)DC Pension Schemes Design, Heterogeneity, and Estimation Issues Edward Palmer |
| title_short | Annuities in (N)DC Pension Schemes |
| title_sort | annuities in n dc pension schemes design heterogeneity and estimation issues |
| title_sub | Design, Heterogeneity, and Estimation Issues |
| url | https://doi.org/10.1596/31640 |
| work_keys_str_mv | AT palmeredward annuitiesinndcpensionschemesdesignheterogeneityandestimationissues |