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The role of a longevity insurance for defined contribution pension systems

Author

Listed:
  • Berstein, Solange
  • Morales, Marco

Abstract

This study analyzes a longevity insurance for defined-contribution (DC) systems, using the case of Chile to evaluate its potential implementation.

Suggested Citation

  • Berstein, Solange & Morales, Marco, 2021. "The role of a longevity insurance for defined contribution pension systems," Insurance: Mathematics and Economics, Elsevier, vol. 99(C), pages 233-240.
    • Handle: RePEc:eee:insuma:v:99:y:2021:i:c:p:233-240
    DOI: 10.1016/j.insmatheco.2021.03.020
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    References listed on IDEAS

    as
    1. Huaxiong Huang & Moshe A. Milevsky & Virginia R. Young, 2017. "Optimal Purchasing of Deferred Income Annuities When Payout Yields are Mean-Reverting," Review of Finance, European Finance Association, vol. 21(1), pages 327-361.
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    Cited by:

    1. Xiaoyi Zhang, 2022. "Optimal DC Pension Management Under Inflation Risk With Jump Diffusion Price Index and Cost of Living Process," Methodology and Computing in Applied Probability, Springer, vol. 24(2), pages 1253-1270, June.

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    More about this item

    Keywords

    Longevity insurance; Defined contribution pension systems; Deferred annuities;
    All these keywords.

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets
    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling

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