This file is part of IDEAS, which uses RePEc data


[ Papers | Articles | Software | Books | Chapters | Authors | Institutions | JEL Classification | NEP reports | Search | New papers by email | Author registration | Rankings | Volunteers | FAQ | Blog | Help! ]

Governments and the Market for Longevity-Indexed Bonds

Author info | Abstract | Publisher info | Download info | Related research | Statistics
Author Info
Pablo Antolin
Hans Blommestein ()

Additional information is available for the following registered author(s):

Abstract

Uncertainty about length of life, longevity risk, is a growing financial problem for pension funds and annuity providers. They would like to transfer longevity risk away to institutions better placed to deal with it. Unfortunately, there is a lack of financial instruments to hedge against this longevity risk, thereby complicating risk management by pension funds and hindering the expansion of the annuity market. Consequently, this paper examines the role of government in...

Le gouvernement et le marché pour les titres indexés sur la longévité
L'incertitude sur la durée de vie, le risque de longévité, est un problème financier croissant pour les fonds de pension et les fournisseurs de rentes viagères. Ils préfèrent transférer ce risque aux institutions les plus préparées pour les absorber. Malheureusement, il y a un manque d'instruments financiers afin d'avoir une couverture contre le risque de longévité. Cette situation complique le management du risque et empêche l’expansion du marché de la rente viagère. Par conséquent, ce document étudie le rôle...

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help file. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.sourceoecd.org/10.1787/260561411283
File Format: text/html
File Function:
Download Restriction: no

Publisher Info
Paper provided by OECD Directorate for Financial and Enterprise Affairs in its series OECD Working Papers on Insurance and Private Pensions with number 4.

Download reference. The following formats are available: HTML, plain text, BibTeX, RIS (EndNote), ReDIF
Length:
Date of creation: Jan 2007
Date of revision:
Handle: RePEc:oec:dafaab:4-en

Contact details of provider:
Postal: 2 rue Andre Pascal, 75775 Paris Cedex 16
Email:
Web page: http://www.oecd.org
More information through EDIRC

For technical questions regarding this item, or to correct its listing, contact: ().

Related research
Keywords: incertitude pension fund fond de pension rente viager risque de longévité instruments financiers titres indexés à la longévité index index de longévité plans de pension de prestation définie et contributive Annuities longevity risk Uncertainty DB and DC plans financial instruments hedging longevity-indexed bonds indices longevity index

Find related papers by JEL classification:
C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: General - - - Statistical Simulation Methods
C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models
D8 - Microeconomics - - Information, Knowledge, and Uncertainty
G23 - Financial Economics - - Financial Institutions and Services - - - Pension Funds; Other Private Financial Institutions
G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends and Forecasts
J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

This paper has been announced in the following NEP Reports:

Statistics
Access and download statistics

Did you know? IDEAS also indexes software components.

This page was last updated on 2008-7-9.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.