Vai al contenuto principale della pagina

The Impact of Longevity Improvements on U.S. Corporate Defined Benefit Pension Plans / / John Kiff, Michael Kisser, Mauricio Soto, S. Oppers



(Visualizza in formato marc)    (Visualizza in BIBFRAME)

Autore: Kiff John Visualizza persona
Titolo: The Impact of Longevity Improvements on U.S. Corporate Defined Benefit Pension Plans / / John Kiff, Michael Kisser, Mauricio Soto, S. Oppers Visualizza cluster
Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2012
Descrizione fisica: 1 online resource (35 p.)
Soggetto topico: Defined benefit pension plans - United States
Longevity - United States
Insurance
Labor
Public Finance
Demography
Pension Funds
Non-bank Financial Institutions
Financial Instruments
Institutional Investors
Nonwage Labor Costs and Benefits
Private Pensions
Social Security and Public Pensions
Health: General
Economics of the Elderly
Economics of the Handicapped
Non-labor Market Discrimination
Insurance Companies
Actuarial Studies
Pensions
Health economics
Population & demography
Insurance & actuarial studies
Pension spending
Health
Aging
Expenditure
Population and demographics
Financial institutions
Population aging
Soggetto geografico: United States
Altri autori: KisserMichael  
SotoMauricio  
OppersS  
Note generali: Description based upon print version of record.
Nota di bibliografia: Includes bibliographical references.
Nota di contenuto: 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
Sommario/riassunto: 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.
Titolo autorizzato: The Impact of Longevity Improvements on U.S. Corporate Defined Benefit Pension Plans  Visualizza cluster
ISBN: 1-4755-2676-8
1-4755-6809-6
Formato: Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione: Inglese
Record Nr.: 9910786480903321
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Serie: IMF Working Papers; Working Paper ; ; No. 2012/170