Zobrazeno 1 - 5
of 5
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
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::05dfca8e89bfffad41c99a717dad1fa7
https://doi.org/10.1017/s1474747222000099
https://doi.org/10.1017/s1474747222000099
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
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::8f381dac08fdab9934c8f37cecc9a8cc
https://doi.org/10.1017/asb.2021.17
https://doi.org/10.1017/asb.2021.17
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
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::58ac5a70f2e142a305cc9edb04926cbe
https://doi.org/10.1111/rssa.12473
https://doi.org/10.1111/rssa.12473
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 ...
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::d74626ab02d9c90f48b57c8cbcfa0576
https://doi.org/10.1080/03461238.2018.1463556
https://doi.org/10.1080/03461238.2018.1463556
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
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::eacb3bfb1736033d0e1d8986aeb146b6
https://doi.org/10.1080/10920277.2014.906154
https://doi.org/10.1080/10920277.2014.906154