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Cypriot Mortality and Pension Benefits

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  • Andreas Milidonis

    (Department of Public and Business Administration, University of Cyprus)

Abstract

Mortality trends in Cyprus show a similar decreasing trend over the past thirty years to other developed countries. Using detailed, age specific data from 2003 and 2009, we estimate the impact of the change in Cypriot male and female mortality on a stylized life annuity framework for a Cypriot retiree. Based on these results and the general pension framework in Cyprus, we propose a few measures that can alleviate the burden of decreased mortality on pension obligations.

Suggested Citation

  • Andreas Milidonis, 2012. "Cypriot Mortality and Pension Benefits," Cyprus Economic Policy Review, University of Cyprus, Economics Research Centre, vol. 6(2), pages 59-66, December.
    • Handle: RePEc:erc:cypepr:v:6:y:2012:i:2:p:59-66
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    References listed on IDEAS

    as
    1. Cairns, Andrew J.G. & Blake, David & Dowd, Kevin, 2006. "Pricing Death: Frameworks for the Valuation and Securitization of Mortality Risk," ASTIN Bulletin, Cambridge University Press, vol. 36(1), pages 79-120, May.
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    4. Andrew J. G. Cairns & David Blake & Kevin Dowd, 2006. "A Two‐Factor Model for Stochastic Mortality with Parameter Uncertainty: Theory and Calibration," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 73(4), pages 687-718, December.
    5. Lin, Yijia & Cox, Samuel H., 2008. "Securitization of catastrophe mortality risks," Insurance: Mathematics and Economics, Elsevier, vol. 42(2), pages 628-637, April.
    Full references (including those not matched with items on IDEAS)

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    Keywords

    Mortality; pensions; reform.;
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