Wealth heterogeneity in a closed pooled annuity fund
نویسندگان
چکیده
The stability of income payments in a pooled annuity fund is studied. In those funds, members receive fluctuating depending on their experienced mortality exchange for pension savings. focus describing the influence different initial savings ability to provide stable retirement. Because this, coincide characteristics except We identify term, which we dub ‘implied number homogeneous members’, that directly links size fluctuations. Our main contribution analysis this term and development criterion answer question whether or not given group same-aged people should pool funds together.
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ژورنال
عنوان ژورنال: Scandinavian Actuarial Journal
سال: 2023
ISSN: ['1651-2030', '0346-1238']
DOI: https://doi.org/10.1080/03461238.2023.2234916