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Financiamiento del sistema de pensiones mexicano por medio de bonos de longevidad

Author

Listed:
  • Fernando Cruz-Aranda

    (Universidad Panamericana)

  • Claudia Estrella Castillo Ramírez

    (Universidad Panamericana)

  • Citlalli Pérez Flores

    (Universidad Panamericana)

Abstract

El objetivo de este trabajo es valuar y analizar el bono de longevidad que representa una alternativa de inversión a largo plazo para fortalecer los fondos de pensiones de la población mexicana, hombres y mujeres, que alcanzará los 65 años. Esta presenta un incremento en la esperanza de vida, riesgo de longevidad, y una caída en la tasa de natalidad. Así, el valor del bono cupón cero es modelado a través de una ecuación que incorpora la tasa de mortalidad estimada a la edad y al tiempo , de cada género, con una proyección del índice de mortandad al 2040. Por medio del instrumento de deuda, se busca contrarrestar las pérdidas probables en las que incurriría una institución de seguros como consecuencia de la posible extensión de la vida esperada de los asegurados y bajar la probabilidad de incumplimiento del corporativo ante ellos y brindándoles mayor certidumbre; lo que coadyuva en dicho fondo al tener acceso al mercado de capitales y proporcione al retirado un mejor bienestar social.

Suggested Citation

  • Fernando Cruz-Aranda & Claudia Estrella Castillo Ramírez & Citlalli Pérez Flores, 2018. "Financiamiento del sistema de pensiones mexicano por medio de bonos de longevidad," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 13(3), pages 387-417, Julio-Sep.
    • Handle: RePEc:imx:journl:v:13:y:2018:i:3:p:387-417
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    More about this item

    Keywords

    Sistema de pensiones; envejecimiento poblacional; bono de longevidad;
    All these keywords.

    JEL classification:

    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • C65 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Miscellaneous Mathematical Tools
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

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