The impact of longevity improvements on U.S. corporate defined benefit pension plans /:
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 ea...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Körperschaften: | , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C.] :
International Monetary Fund,
©2012.
|
| Schriftenreihe: | IMF working paper ;
WP/12/170. |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | 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 $84 billion. |
| Beschreibung: | Title from PDF title page (IMF Web site, viewed July 7, 2012). "Monetary and Capital Markets and Fiscal Affairs Department." "June 2012." |
| Beschreibung: | 1 online resource (34 pages) |
| Bibliographie: | Includes bibliographical references. |
| ISBN: | 1475554974 9781475554977 1475505183 9781475505184 1475568096 9781475568097 1475526768 9781475526769 |
Internformat
MARC
| LEADER | 00000cam a2200000 a 4500 | ||
|---|---|---|---|
| 001 | ZDB-4-EBU-ocn798586242 | ||
| 003 | OCoLC | ||
| 005 | 20241004212047.0 | ||
| 006 | m o d | ||
| 007 | cr cn||||||||| | ||
| 008 | 120709s2012 dcu ob i000 0 eng d | ||
| 040 | |a DJB |b eng |e pn |c DJB |d CUS |d OCLCQ |d E7B |d OCLCA |d EBLCP |d OCLCQ |d YDXCP |d OCLCQ |d N$T |d OCLCQ |d CUS |d AZK |d LOA |d AGLDB |d OCLCQ |d MOR |d CCO |d PIFAG |d ZCU |d MERUC |d OCLCQ |d U3W |d OCLCF |d STF |d VNS |d WRM |d OCLCQ |d VTS |d CEF |d NRAMU |d ICG |d VT2 |d AU@ |d OCLCQ |d WYU |d DKC |d OCLCQ |d M8D |d OCLCQ |d BOL |d UKCRE |d AJS |d OCLCQ |d OCLCO |d OCLCQ |d VI# |d QGK |d S2H |d OCLCO |d OCLCL |d OCLCQ |d OCLCL |d OCLCQ | ||
| 019 | |a 802660130 |a 903698809 |a 961602334 |a 962608887 |a 966093979 |a 988443161 |a 992113149 |a 1037721608 |a 1038653444 |a 1045492239 |a 1055344955 |a 1058166248 |a 1081184662 |a 1107365360 |a 1114466820 |a 1153014991 |a 1202538832 |a 1228588636 |a 1259075227 |a 1289519012 | ||
| 020 | |a 1475554974 |q (electronic bk.) | ||
| 020 | |a 9781475554977 |q (electronic bk.) | ||
| 020 | |a 1475505183 | ||
| 020 | |a 9781475505184 | ||
| 020 | |a 1475568096 | ||
| 020 | |a 9781475568097 | ||
| 020 | |z 9781475505184 | ||
| 020 | |z 9781475568097 | ||
| 020 | |a 1475526768 | ||
| 020 | |a 9781475526769 | ||
| 035 | |a (OCoLC)798586242 |z (OCoLC)802660130 |z (OCoLC)903698809 |z (OCoLC)961602334 |z (OCoLC)962608887 |z (OCoLC)966093979 |z (OCoLC)988443161 |z (OCoLC)992113149 |z (OCoLC)1037721608 |z (OCoLC)1038653444 |z (OCoLC)1045492239 |z (OCoLC)1055344955 |z (OCoLC)1058166248 |z (OCoLC)1081184662 |z (OCoLC)1107365360 |z (OCoLC)1114466820 |z (OCoLC)1153014991 |z (OCoLC)1202538832 |z (OCoLC)1228588636 |z (OCoLC)1259075227 |z (OCoLC)1289519012 | ||
| 043 | |a n-us--- | ||
| 050 | 4 | |a HG3881.5.I58 |b W67 No. 12/170eb | |
| 072 | 7 | |a BUS |x 027000 |2 bisacsh | |
| 082 | 7 | |a 332.152 |2 23 | |
| 049 | |a MAIN | ||
| 245 | 0 | 4 | |a The impact of longevity improvements on U.S. corporate defined benefit pension plans / |c prepared by Michael Kisser [and others]. |
| 260 | |a [Washington, D.C.] : |b International Monetary Fund, |c ©2012. | ||
| 300 | |a 1 online resource (34 pages) | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 340 | |g polychrome. |2 rdacc |0 http://rdaregistry.info/termList/RDAColourContent/1003 | ||
| 347 | |a data file |2 rdaft | ||
| 490 | 1 | |a IMF working paper ; |v WP/12/170 | |
| 500 | |a Title from PDF title page (IMF Web site, viewed July 7, 2012). | ||
| 520 | |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. | ||
| 504 | |a Includes bibliographical references. | ||
| 500 | |a "Monetary and Capital Markets and Fiscal Affairs Department." | ||
| 500 | |a "June 2012." | ||
| 505 | 0 | |a Cover; Contents; I: Introduction; II: Related Literature; III: Data; IV: Analysis; A: A Simple Valuation Model; B: Main Results; C: Additional Robustness Checks; V: Conclusion; References; Appendix 1. | |
| 546 | |a English. | ||
| 650 | 0 | |a Pensions |z United States |x Econometric models. | |
| 650 | 0 | |a Longevity |z United States |x Econometric models. | |
| 650 | 0 | |a Life expectancy |z United States |x Econometric models. | |
| 650 | 6 | |a Longévité |z États-Unis |x Modèles économétriques. | |
| 650 | 6 | |a Espérance de vie |z États-Unis |x Modèles économétriques. | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Finance. |2 bisacsh | |
| 650 | 7 | |a Life expectancy |x Econometric models |2 fast | |
| 650 | 7 | |a Pensions |x Econometric models |2 fast | |
| 651 | 7 | |a United States |2 fast |1 https://id.oclc.org/worldcat/entity/E39PBJtxgQXMWqmjMjjwXRHgrq | |
| 700 | 1 | |a Kisser, Michael, |e author. |0 http://id.loc.gov/authorities/names/no2010063328 | |
| 710 | 2 | |a International Monetary Fund. |b Monetary and Capital Markets Department. |0 http://id.loc.gov/authorities/names/no2006113696 | |
| 710 | 2 | |a International Monetary Fund. |b Fiscal Affairs Department. |0 http://id.loc.gov/authorities/names/n81027435 | |
| 776 | |z 1-4755-5497-4 | ||
| 776 | |z 1-4755-0518-3 | ||
| 830 | 0 | |a IMF working paper ; |v WP/12/170. |0 http://id.loc.gov/authorities/names/no89010263 | |
| 856 | 4 | 0 | |l FWS01 |p ZDB-4-EBU |q FWS_PDA_EBU |u https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=568203 |3 Volltext |
| 938 | |a EBL - Ebook Library |b EBLB |n EBL1606823 | ||
| 938 | |a ebrary |b EBRY |n ebr10627054 | ||
| 938 | |a EBSCOhost |b EBSC |n 568203 | ||
| 938 | |a YBP Library Services |b YANK |n 10691561 | ||
| 938 | |a YBP Library Services |b YANK |n 9927238 | ||
| 994 | |a 92 |b GEBAY | ||
| 912 | |a ZDB-4-EBU | ||
| 049 | |a DE-863 | ||
Datensatz im Suchindex
| DE-BY-FWS_katkey | ZDB-4-EBU-ocn798586242 |
|---|---|
| _version_ | 1816796904833417216 |
| adam_text | |
| any_adam_object | |
| author | Kisser, Michael |
| author_GND | http://id.loc.gov/authorities/names/no2010063328 |
| author_corporate | International Monetary Fund. Monetary and Capital Markets Department International Monetary Fund. Fiscal Affairs Department |
| author_corporate_role | |
| author_facet | Kisser, Michael International Monetary Fund. Monetary and Capital Markets Department International Monetary Fund. Fiscal Affairs Department |
| author_role | aut |
| author_sort | Kisser, Michael |
| author_variant | m k mk |
| building | Verbundindex |
| bvnumber | localFWS |
| callnumber-first | H - Social Science |
| callnumber-label | HG3881 |
| callnumber-raw | HG3881.5.I58 W67 No. 12/170eb |
| callnumber-search | HG3881.5.I58 W67 No. 12/170eb |
| callnumber-sort | HG 43881.5 I58 W67 NO 212 3170EB |
| callnumber-subject | HG - Finance |
| collection | ZDB-4-EBU |
| contents | Cover; Contents; I: Introduction; II: Related Literature; III: Data; IV: Analysis; A: A Simple Valuation Model; B: Main Results; C: Additional Robustness Checks; V: Conclusion; References; Appendix 1. |
| ctrlnum | (OCoLC)798586242 |
| dewey-full | 332.152 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.152 |
| dewey-search | 332.152 |
| dewey-sort | 3332.152 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>04999cam a2200769 a 4500</leader><controlfield tag="001">ZDB-4-EBU-ocn798586242</controlfield><controlfield tag="003">OCoLC</controlfield><controlfield tag="005">20241004212047.0</controlfield><controlfield tag="006">m o d </controlfield><controlfield tag="007">cr cn|||||||||</controlfield><controlfield tag="008">120709s2012 dcu ob i000 0 eng d</controlfield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DJB</subfield><subfield code="b">eng</subfield><subfield code="e">pn</subfield><subfield code="c">DJB</subfield><subfield code="d">CUS</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">E7B</subfield><subfield code="d">OCLCA</subfield><subfield code="d">EBLCP</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">YDXCP</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">N$T</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">CUS</subfield><subfield code="d">AZK</subfield><subfield code="d">LOA</subfield><subfield code="d">AGLDB</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">MOR</subfield><subfield code="d">CCO</subfield><subfield code="d">PIFAG</subfield><subfield code="d">ZCU</subfield><subfield code="d">MERUC</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">U3W</subfield><subfield code="d">OCLCF</subfield><subfield code="d">STF</subfield><subfield code="d">VNS</subfield><subfield code="d">WRM</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">VTS</subfield><subfield code="d">CEF</subfield><subfield code="d">NRAMU</subfield><subfield code="d">ICG</subfield><subfield code="d">VT2</subfield><subfield code="d">AU@</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">WYU</subfield><subfield code="d">DKC</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">M8D</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">BOL</subfield><subfield code="d">UKCRE</subfield><subfield code="d">AJS</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">OCLCO</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">VI#</subfield><subfield code="d">QGK</subfield><subfield code="d">S2H</subfield><subfield code="d">OCLCO</subfield><subfield code="d">OCLCL</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">OCLCL</subfield><subfield code="d">OCLCQ</subfield></datafield><datafield tag="019" ind1=" " ind2=" "><subfield code="a">802660130</subfield><subfield code="a">903698809</subfield><subfield code="a">961602334</subfield><subfield code="a">962608887</subfield><subfield code="a">966093979</subfield><subfield code="a">988443161</subfield><subfield code="a">992113149</subfield><subfield code="a">1037721608</subfield><subfield code="a">1038653444</subfield><subfield code="a">1045492239</subfield><subfield code="a">1055344955</subfield><subfield code="a">1058166248</subfield><subfield code="a">1081184662</subfield><subfield code="a">1107365360</subfield><subfield code="a">1114466820</subfield><subfield code="a">1153014991</subfield><subfield code="a">1202538832</subfield><subfield code="a">1228588636</subfield><subfield code="a">1259075227</subfield><subfield code="a">1289519012</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">1475554974</subfield><subfield code="q">(electronic bk.)</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781475554977</subfield><subfield code="q">(electronic bk.)</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">1475505183</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781475505184</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">1475568096</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781475568097</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="z">9781475505184</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="z">9781475568097</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">1475526768</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781475526769</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)798586242</subfield><subfield code="z">(OCoLC)802660130</subfield><subfield code="z">(OCoLC)903698809</subfield><subfield code="z">(OCoLC)961602334</subfield><subfield code="z">(OCoLC)962608887</subfield><subfield code="z">(OCoLC)966093979</subfield><subfield code="z">(OCoLC)988443161</subfield><subfield code="z">(OCoLC)992113149</subfield><subfield code="z">(OCoLC)1037721608</subfield><subfield code="z">(OCoLC)1038653444</subfield><subfield code="z">(OCoLC)1045492239</subfield><subfield code="z">(OCoLC)1055344955</subfield><subfield code="z">(OCoLC)1058166248</subfield><subfield code="z">(OCoLC)1081184662</subfield><subfield code="z">(OCoLC)1107365360</subfield><subfield code="z">(OCoLC)1114466820</subfield><subfield code="z">(OCoLC)1153014991</subfield><subfield code="z">(OCoLC)1202538832</subfield><subfield code="z">(OCoLC)1228588636</subfield><subfield code="z">(OCoLC)1259075227</subfield><subfield code="z">(OCoLC)1289519012</subfield></datafield><datafield tag="043" ind1=" " ind2=" "><subfield code="a">n-us---</subfield></datafield><datafield tag="050" ind1=" " ind2="4"><subfield code="a">HG3881.5.I58</subfield><subfield code="b">W67 No. 12/170eb</subfield></datafield><datafield tag="072" ind1=" " ind2="7"><subfield code="a">BUS</subfield><subfield code="x">027000</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="082" ind1="7" ind2=" "><subfield code="a">332.152</subfield><subfield code="2">23</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">MAIN</subfield></datafield><datafield tag="245" ind1="0" ind2="4"><subfield code="a">The impact of longevity improvements on U.S. corporate defined benefit pension plans /</subfield><subfield code="c">prepared by Michael Kisser [and others].</subfield></datafield><datafield tag="260" ind1=" " ind2=" "><subfield code="a">[Washington, D.C.] :</subfield><subfield code="b">International Monetary Fund,</subfield><subfield code="c">©2012.</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 online resource (34 pages)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">computer</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">online resource</subfield><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="340" ind1=" " ind2=" "><subfield code="g">polychrome.</subfield><subfield code="2">rdacc</subfield><subfield code="0">http://rdaregistry.info/termList/RDAColourContent/1003</subfield></datafield><datafield tag="347" ind1=" " ind2=" "><subfield code="a">data file</subfield><subfield code="2">rdaft</subfield></datafield><datafield tag="490" ind1="1" ind2=" "><subfield code="a">IMF working paper ;</subfield><subfield code="v">WP/12/170</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">Title from PDF title page (IMF Web site, viewed July 7, 2012).</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="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.</subfield></datafield><datafield tag="504" ind1=" " ind2=" "><subfield code="a">Includes bibliographical references.</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">"Monetary and Capital Markets and Fiscal Affairs Department."</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">"June 2012."</subfield></datafield><datafield tag="505" ind1="0" ind2=" "><subfield code="a">Cover; Contents; I: Introduction; II: Related Literature; III: Data; IV: Analysis; A: A Simple Valuation Model; B: Main Results; C: Additional Robustness Checks; V: Conclusion; References; Appendix 1.</subfield></datafield><datafield tag="546" ind1=" " ind2=" "><subfield code="a">English.</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">Pensions</subfield><subfield code="z">United States</subfield><subfield code="x">Econometric models.</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">Longevity</subfield><subfield code="z">United States</subfield><subfield code="x">Econometric models.</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">Life expectancy</subfield><subfield code="z">United States</subfield><subfield code="x">Econometric models.</subfield></datafield><datafield tag="650" ind1=" " ind2="6"><subfield code="a">Longévité</subfield><subfield code="z">États-Unis</subfield><subfield code="x">Modèles économétriques.</subfield></datafield><datafield tag="650" ind1=" " ind2="6"><subfield code="a">Espérance de vie</subfield><subfield code="z">États-Unis</subfield><subfield code="x">Modèles économétriques.</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">BUSINESS & ECONOMICS</subfield><subfield code="x">Finance.</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Life expectancy</subfield><subfield code="x">Econometric models</subfield><subfield code="2">fast</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Pensions</subfield><subfield code="x">Econometric models</subfield><subfield code="2">fast</subfield></datafield><datafield tag="651" ind1=" " ind2="7"><subfield code="a">United States</subfield><subfield code="2">fast</subfield><subfield code="1">https://id.oclc.org/worldcat/entity/E39PBJtxgQXMWqmjMjjwXRHgrq</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Kisser, Michael,</subfield><subfield code="e">author.</subfield><subfield code="0">http://id.loc.gov/authorities/names/no2010063328</subfield></datafield><datafield tag="710" ind1="2" ind2=" "><subfield code="a">International Monetary Fund.</subfield><subfield code="b">Monetary and Capital Markets Department.</subfield><subfield code="0">http://id.loc.gov/authorities/names/no2006113696</subfield></datafield><datafield tag="710" ind1="2" ind2=" "><subfield code="a">International Monetary Fund.</subfield><subfield code="b">Fiscal Affairs Department.</subfield><subfield code="0">http://id.loc.gov/authorities/names/n81027435</subfield></datafield><datafield tag="776" ind1=" " ind2=" "><subfield code="z">1-4755-5497-4</subfield></datafield><datafield tag="776" ind1=" " ind2=" "><subfield code="z">1-4755-0518-3</subfield></datafield><datafield tag="830" ind1=" " ind2="0"><subfield code="a">IMF working paper ;</subfield><subfield code="v">WP/12/170.</subfield><subfield code="0">http://id.loc.gov/authorities/names/no89010263</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="l">FWS01</subfield><subfield code="p">ZDB-4-EBU</subfield><subfield code="q">FWS_PDA_EBU</subfield><subfield code="u">https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=568203</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">EBL - Ebook Library</subfield><subfield code="b">EBLB</subfield><subfield code="n">EBL1606823</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">ebrary</subfield><subfield code="b">EBRY</subfield><subfield code="n">ebr10627054</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">EBSCOhost</subfield><subfield code="b">EBSC</subfield><subfield code="n">568203</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">YBP Library Services</subfield><subfield code="b">YANK</subfield><subfield code="n">10691561</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">YBP Library Services</subfield><subfield code="b">YANK</subfield><subfield code="n">9927238</subfield></datafield><datafield tag="994" ind1=" " ind2=" "><subfield code="a">92</subfield><subfield code="b">GEBAY</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-4-EBU</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-863</subfield></datafield></record></collection> |
| geographic | United States fast https://id.oclc.org/worldcat/entity/E39PBJtxgQXMWqmjMjjwXRHgrq |
| geographic_facet | United States |
| id | ZDB-4-EBU-ocn798586242 |
| illustrated | Not Illustrated |
| indexdate | 2024-11-26T14:49:06Z |
| institution | BVB |
| institution_GND | http://id.loc.gov/authorities/names/no2006113696 http://id.loc.gov/authorities/names/n81027435 |
| isbn | 1475554974 9781475554977 1475505183 9781475505184 1475568096 9781475568097 1475526768 9781475526769 |
| language | English |
| oclc_num | 798586242 |
| open_access_boolean | |
| owner | MAIN DE-863 DE-BY-FWS |
| owner_facet | MAIN DE-863 DE-BY-FWS |
| physical | 1 online resource (34 pages) |
| psigel | ZDB-4-EBU |
| publishDate | 2012 |
| publishDateSearch | 2012 |
| publishDateSort | 2012 |
| publisher | International Monetary Fund, |
| record_format | marc |
| series | IMF working paper ; |
| 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. 1 online resource (34 pages) text txt rdacontent computer c rdamedia online resource cr rdacarrier polychrome. rdacc http://rdaregistry.info/termList/RDAColourContent/1003 data file rdaft IMF working paper ; WP/12/170 Title from PDF title page (IMF Web site, viewed July 7, 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. "Monetary and Capital Markets and Fiscal Affairs Department." "June 2012." Cover; Contents; I: Introduction; II: Related Literature; III: Data; IV: Analysis; A: A Simple Valuation Model; B: Main Results; C: Additional Robustness Checks; V: Conclusion; References; Appendix 1. English. Pensions United States Econometric models. Longevity United States Econometric models. Life expectancy United States Econometric models. Longévité États-Unis Modèles économétriques. Espérance de vie États-Unis Modèles économétriques. BUSINESS & ECONOMICS Finance. bisacsh Life expectancy Econometric models fast Pensions Econometric models fast United States fast https://id.oclc.org/worldcat/entity/E39PBJtxgQXMWqmjMjjwXRHgrq Kisser, Michael, author. http://id.loc.gov/authorities/names/no2010063328 International Monetary Fund. Monetary and Capital Markets Department. http://id.loc.gov/authorities/names/no2006113696 International Monetary Fund. Fiscal Affairs Department. http://id.loc.gov/authorities/names/n81027435 1-4755-5497-4 1-4755-0518-3 IMF working paper ; WP/12/170. http://id.loc.gov/authorities/names/no89010263 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=568203 Volltext |
| spellingShingle | Kisser, Michael The impact of longevity improvements on U.S. corporate defined benefit pension plans / IMF working paper ; Cover; Contents; I: Introduction; II: Related Literature; III: Data; IV: Analysis; A: A Simple Valuation Model; B: Main Results; C: Additional Robustness Checks; V: Conclusion; References; Appendix 1. Pensions United States Econometric models. Longevity United States Econometric models. Life expectancy United States Econometric models. Longévité États-Unis Modèles économétriques. Espérance de vie États-Unis Modèles économétriques. BUSINESS & ECONOMICS Finance. bisacsh Life expectancy Econometric models fast Pensions Econometric models fast |
| 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 | impact of longevity improvements on u s corporate defined benefit pension plans |
| topic | Pensions United States Econometric models. Longevity United States Econometric models. Life expectancy United States Econometric models. Longévité États-Unis Modèles économétriques. Espérance de vie États-Unis Modèles économétriques. BUSINESS & ECONOMICS Finance. bisacsh Life expectancy Econometric models fast Pensions Econometric models fast |
| topic_facet | Pensions United States Econometric models. Longevity United States Econometric models. Life expectancy United States Econometric models. Longévité États-Unis Modèles économétriques. Espérance de vie États-Unis Modèles économétriques. BUSINESS & ECONOMICS Finance. Life expectancy Econometric models Pensions Econometric models United States |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=568203 |
| work_keys_str_mv | AT kissermichael theimpactoflongevityimprovementsonuscorporatedefinedbenefitpensionplans AT internationalmonetaryfundmonetaryandcapitalmarketsdepartment theimpactoflongevityimprovementsonuscorporatedefinedbenefitpensionplans AT internationalmonetaryfundfiscalaffairsdepartment theimpactoflongevityimprovementsonuscorporatedefinedbenefitpensionplans AT kissermichael impactoflongevityimprovementsonuscorporatedefinedbenefitpensionplans AT internationalmonetaryfundmonetaryandcapitalmarketsdepartment impactoflongevityimprovementsonuscorporatedefinedbenefitpensionplans AT internationalmonetaryfundfiscalaffairsdepartment impactoflongevityimprovementsonuscorporatedefinedbenefitpensionplans |