Life is Cheap: Using Mortality Bonds to Hedge Aggregate Mortality Risk
收藏NBER2006-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w11984
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资源简介：
Using the widely-cited Lee-Carter mortality model, we quantify aggregate mortality risk as the risk that the average annuitant lives longer than is predicted by the model, and we conclude that annuity business exposes insurance companies to substantial mortality risk. We calculate that a markup of 3
提供机构：
美国国家经济研究局
创建时间：
2006-01-01
