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The impact of longevity improvements on U.S. corporate defined benefit pension plans /
This paper provides the first empirical assessment of the impact of life expectancy assumptions on the liabilities of private U.S. defined benefit (DB) pension plans. Using detailed actuarial and financial information provided by the U.S. Department of Labor, we construct a longevity variable for ea...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Autores Corporativos: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
©2012.
|
| Colección: | IMF working paper ;
WP/12/170. |
| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 245 | 0 | 4 | |a The impact of longevity improvements on U.S. corporate defined benefit pension plans / |c prepared by Michael Kisser [and others]. |
| 260 | |a [Washington, D.C.] : |b International Monetary Fund, |c ©2012. | ||
| 300 | |a 1 online resource (34 pages) | ||
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| 490 | 1 | |a IMF working paper ; |v WP/12/170 | |
| 500 | |a Title from PDF title page (IMF Web site, viewed July 7, 2012). | ||
| 520 | |a This paper provides the first empirical assessment of the impact of life expectancy assumptions on the liabilities of private U.S. defined benefit (DB) pension plans. Using detailed actuarial and financial information provided by the U.S. Department of Labor, we construct a longevity variable for each pension plan and then measure the impact of varying life expectancy assumptions across plans and over time on pension plan liabilities. The results indicate that each additional year of life expectancy increases pension liabilities by about 3 to 4 percent. This effect is not only statistically highly significant but also economically: each year of additional life expectancy would increase private U.S. DB pension plan liabilities by as much as $84 billion. | ||
| 504 | |a Includes bibliographical references. | ||
| 500 | |a "Monetary and Capital Markets and Fiscal Affairs Department." | ||
| 500 | |a "June 2012." | ||
| 505 | 0 | |a Cover; Contents; I: Introduction; II: Related Literature; III: Data; IV: Analysis; A: A Simple Valuation Model; B: Main Results; C: Additional Robustness Checks; V: Conclusion; References; Appendix 1. | |
| 546 | |a English. | ||
| 590 | |a eBooks on EBSCOhost |b EBSCO eBook Subscription Academic Collection - Worldwide | ||
| 590 | |a ProQuest Ebook Central |b Ebook Central Academic Complete | ||
| 650 | 0 | |a Pensions |z United States |x Econometric models. | |
| 650 | 0 | |a Longevity |z United States |x Econometric models. | |
| 650 | 0 | |a Life expectancy |z United States |x Econometric models. | |
| 650 | 6 | |a Longévité |z États-Unis |x Modèles économétriques. | |
| 650 | 6 | |a Espérance de vie |z États-Unis |x Modèles économétriques. | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Finance. |2 bisacsh | |
| 650 | 7 | |a Life expectancy |x Econometric models |2 fast | |
| 650 | 7 | |a Pensions |x Econometric models |2 fast | |
| 651 | 7 | |a United States |2 fast |1 https://id.oclc.org/worldcat/entity/E39PBJtxgQXMWqmjMjjwXRHgrq | |
| 700 | 1 | |a Kisser, Michael, |e author. | |
| 710 | 2 | |a International Monetary Fund. |b Monetary and Capital Markets Department. | |
| 710 | 2 | |a International Monetary Fund. |b Fiscal Affairs Department. | |
| 758 | |i has work: |a The impact of longevity improvements on U.S. corporate defined benefit pension plans (Text) |1 https://id.oclc.org/worldcat/entity/E39PCH3qxhpCMvBwJPf7kc3B4C |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
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| 830 | 0 | |a IMF working paper ; |v WP/12/170. | |
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