Publication:
Annuities in (N)DC Pension Schemes: Design, Heterogeneity, and Estimation Issues

Loading...
Thumbnail Image
Files in English
English PDF (891.61 KB)
223 downloads
English Text (99.62 KB)
29 downloads
Date
2019-04
ISSN
Published
2019-04
Abstract
This paper identifies and discusses four issues in creating annuities in (nonfinancial) defined contribution (NDC) schemes that are essential for systems’ financial stability and fair inter or intragenerational redistribution. The first issue is the choice between incorporating the rate of return into the annuity or into the exogenous indexation. The second issue is in choosing a projection method for life expectancy that produces systematically unbiased estimates. The third issue is at what age the projection of life expectancy is to be fixed over the remaining lifetime of the annuity. The final issue is the prevalence of socioeconomic heterogeneity within the insurance pool.
Link to Data Set
Citation
Palmer, Edward. 2019. Annuities in (N)DC Pension Schemes: Design, Heterogeneity, and Estimation Issues. Social Protection and Jobs Discussion Paper,no. 1912;. © World Bank, Washington, DC. http://hdl.handle.net/10986/31640 License: CC BY 3.0 IGO.
Report Series
Other publications in this report series
Journal
Journal Volume
Journal Issue
Associated URLs
Associated content
Citations