The Future of Old-Age Longevity: Competitive Pricing of Mortality Contingent Claims
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The future course of old-age mortality is of great importance to public sector expenditures in countries where old-age programs account for large fractions of the public budget. This paper argues that the competitive market prices of mortality contingent claims, such as annuities and life insurance,
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美国国家经济研究局创建时间：
1997-05-01
