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Financial and demographic risks impact on a pay-as-you-go pension fund

Melis, Roberta and Trudda, Alessandro (2012) Financial and demographic risks impact on a pay-as-you-go pension fund. In: Perna, Cira and Sibillo, Marilena Mathematical and statistical methods for actuarial sciences and finance, Milano, Springer. p. 305-313. ISBN 978-88-470-2341-3. Book Section.

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DOI: 10.1007/978-88-470-2342-0_36


This paper studies the financial sustainability of a pay-as-you-go pension fund within a stochastic framework. To this aim, a set of risk indicators of the solvency of the fund are also constructed. Financial and demographic risks are analyzed by investigating and comparing their impact on the evolution of the fund. Numerical results are approached by means of a simulation methodology, on the Italian pension funds.

Item Type:Book Section
ID Code:7291
Uncontrolled Keywords:Pension funds, demographic risk, pay-as-you-go, new entrants
Subjects:Area 13 - Scienze economiche e statistiche > SECS-S/06 Metodi matematici dell'economia e delle scienze attuariali e finanziarie
Divisions:001 Università di Sassari > 01-a Nuovi Dipartimenti dal 2012 > Scienze economiche e aziendali
Copyright Holders:© Springer-Verlag Italia, 2012
Deposited On:30 Mar 2012 17:42

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