Zobrazeno 1 - 10
of 21
pro vyhledávání: '"Xiaobai Zhu"'
Publikováno v:
Journal of Pension Economics and Finance. :1-20
In this paper, we derive the optimal cyclical design of a target benefit (TB) pension plan that balances the sustainability and the benefit stability using the optimal control approach. The optimal design possesses a linear risk sharing structure wit
Publikováno v:
ASTIN Bulletin. 51:873-904
Target benefit (TB) plans that incorporate intergenerational risk sharing have been demonstrated to be welfare improving over the long term. However, there has been little discussion of the short-term benefits for members in a defined benefit (DB) pl
Publikováno v:
Journal of the Royal Statistical Society Series A: Statistics in Society. 182:1523-1560
Summary Stochastic mortality models have a wide range of applications. They are particularly important for analysing Chinese mortality, which is subject to rapid and uncertain changes. However, owing to data-related problems, stochastic modelling of
Publikováno v:
Scandinavian Actuarial Journal. 2018:823-844
In this paper, we consider three types of embedded options in pension benefit design. The first is the Florida second election (FSE) option, which has been offered to public employees in the state ...
Publikováno v:
North American Actuarial Journal. 18:294-314
Cash balance pension benefits are accumulated at guaranteed crediting rates, usually based on yields on government securities. Viewed as a financial liability, the benefit is a form of interest rate derivative, which can be valued using financial mod
Autor:
Zhu, Xiaobai1 (AUTHOR) xiaobaizhu@swufe.edu.cn, Hardy, Mary2 (AUTHOR), Saunders, David2 (AUTHOR)
Publikováno v:
Scandinavian Actuarial Journal. Sep2021, Vol. 2021 Issue 7, p543-571. 29p.
Publikováno v:
Journal of Pension Economics & Finance; Jul2023, Vol. 22 Issue 3, p284-303, 20p
Autor:
Zhu, Xiaobai, Zhou, Kenneth Q.
Publikováno v:
European Actuarial Journal; Jun2023, Vol. 13 Issue 1, p277-305, 29p
Publikováno v:
Scandinavian Actuarial Journal. Nov2018, Vol. 2018 Issue 9, p823-844. 22p.
Autor:
Li, Johnny Siu‐Hang1,2 (AUTHOR) shli@uwaterloo.ca, Zhou, Kenneth Q.1 (AUTHOR), Zhu, Xiaobai1 (AUTHOR), Chan, Wai‐Sum3 (AUTHOR), Chan, Felix Wai‐Hon4 (AUTHOR)
Publikováno v:
Journal of the Royal Statistical Society: Series A (Statistics in Society). Oct2019, Vol. 182 Issue 4, p1523-1560. 38p. 16 Graphs.