Mortality And Lifetime Income

Download Mortality And Lifetime Income full books in PDF, epub, and Kindle. Read online Mortality And Lifetime Income ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!

Mortality and Lifetime Income

Author : James E. Duggan
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 26 pages
Book Rating : 4.:/5 (318 download)

DOWNLOAD NOW!

Book Synopsis Mortality and Lifetime Income by : James E. Duggan

Download or read book Mortality and Lifetime Income written by James E. Duggan and published by International Monetary Fund. This book was released on 2007 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Studies of the empirical relationship between income and mortality often rely on data aggregated by geographic areas and broad population groups and do not distinguish disabled and nondisabled persons. We investigate the relationship between individual mortality and lifetime income with a large micro data base of current and former retired participants in the U. S. Social Security system. Logit models by gender and race confirm a negative relationship. Differences in age of death between low and high lifetime income are on the order of two to three years. Income-related mortality differences between blacks and whites are largest at low-income levels while gender differences appear to be large and persistent across income levels.

The Growing Gap in Life Expectancy by Income

Author : National Academies of Sciences, Engineering, and Medicine
Publisher : National Academies Press
ISBN 13 : 030931710X
Total Pages : 182 pages
Book Rating : 4.3/5 (93 download)

DOWNLOAD NOW!

Book Synopsis The Growing Gap in Life Expectancy by Income by : National Academies of Sciences, Engineering, and Medicine

Download or read book The Growing Gap in Life Expectancy by Income written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2015-09-17 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. population is aging. Social Security projections suggest that between 2013 and 2050, the population aged 65 and over will almost double, from 45 million to 86 million. One key driver of population aging is ongoing increases in life expectancy. Average U.S. life expectancy was 67 years for males and 73 years for females five decades ago; the averages are now 76 and 81, respectively. It has long been the case that better-educated, higher-income people enjoy longer life expectancies than less-educated, lower-income people. The causes include early life conditions, behavioral factors (such as nutrition, exercise, and smoking behaviors), stress, and access to health care services, all of which can vary across education and income. Our major entitlement programs - Medicare, Medicaid, Social Security, and Supplemental Security Income - have come to deliver disproportionately larger lifetime benefits to higher-income people because, on average, they are increasingly collecting those benefits over more years than others. This report studies the impact the growing gap in life expectancy has on the present value of lifetime benefits that people with higher or lower earnings will receive from major entitlement programs. The analysis presented in The Growing Gap in Life Expectancy by Income goes beyond an examination of the existing literature by providing the first comprehensive estimates of how lifetime benefits are affected by the changing distribution of life expectancy. The report also explores, from a lifetime benefit perspective, how the growing gap in longevity affects traditional policy analyses of reforms to the nation's leading entitlement programs. This in-depth analysis of the economic impacts of the longevity gap will inform debate and assist decision makers, economists, and researchers.

Explaining Divergent Levels of Longevity in High-Income Countries

Author : National Research Council
Publisher : National Academies Press
ISBN 13 : 0309217105
Total Pages : 194 pages
Book Rating : 4.3/5 (92 download)

DOWNLOAD NOW!

Book Synopsis Explaining Divergent Levels of Longevity in High-Income Countries by : National Research Council

Download or read book Explaining Divergent Levels of Longevity in High-Income Countries written by National Research Council and published by National Academies Press. This book was released on 2011-06-27 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the last 25 years, life expectancy at age 50 in the United States has been rising, but at a slower pace than in many other high-income countries, such as Japan and Australia. This difference is particularly notable given that the United States spends more on health care than any other nation. Concerned about this divergence, the National Institute on Aging asked the National Research Council to examine evidence on its possible causes. According to Explaining Divergent Levels of Longevity in High-Income Countries, the nation's history of heavy smoking is a major reason why lifespans in the United States fall short of those in many other high-income nations. Evidence suggests that current obesity levels play a substantial part as well. The book reports that lack of universal access to health care in the U.S. also has increased mortality and reduced life expectancy, though this is a less significant factor for those over age 65 because of Medicare access. For the main causes of death at older ages -- cancer and cardiovascular disease -- available indicators do not suggest that the U.S. health care system is failing to prevent deaths that would be averted elsewhere. In fact, cancer detection and survival appear to be better in the U.S. than in most other high-income nations, and survival rates following a heart attack also are favorable. Explaining Divergent Levels of Longevity in High-Income Countries identifies many gaps in research. For instance, while lung cancer deaths are a reliable marker of the damage from smoking, no clear-cut marker exists for obesity, physical inactivity, social integration, or other risks considered in this book. Moreover, evaluation of these risk factors is based on observational studies, which -- unlike randomized controlled trials -- are subject to many biases.

Mortality Assumptions and Longevity Risk

Author : Oecd
Publisher : OCDE
ISBN 13 : 9789264222717
Total Pages : 190 pages
Book Rating : 4.2/5 (227 download)

DOWNLOAD NOW!

Book Synopsis Mortality Assumptions and Longevity Risk by : Oecd

Download or read book Mortality Assumptions and Longevity Risk written by Oecd and published by OCDE. This book was released on 2014 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pension funds and annuity providers need to effectively manage the longevity risk they are exposed to. Individuals receiving a lifetime income may live longer than expected or accounted for in the actuarial calculations to provision for these liabilities. Mismanaged longevity risk can deteriorate finances, cause bankruptcy and expose individuals to the risk of losing their retirement income. To safeguard against this risk, pension funds and annuity providers must provision for future improvements in mortality and life expectancy. The regulatory framework can support the effective management of longevity risk. This publication assesses how pension funds, annuity providers such as life insurance companies, and the regulatory framework account for future improvements in mortality and life expectancy. The study then examines the mortality tables commonly used by pension funds and annuity providers against several well-known mortality projection models with the purpose of assessing the potential shortfall in provisions. The final part of the publication identifies best practices and discusses the management of longevity risk, putting forward a set of policy options to encourage and facilitate the management of longevity risk.

High and Rising Mortality Rates Among Working-Age Adults

Author : National Academies of Sciences Engineering and Medicine
Publisher :
ISBN 13 : 9780309684736
Total Pages : pages
Book Rating : 4.6/5 (847 download)

DOWNLOAD NOW!

Book Synopsis High and Rising Mortality Rates Among Working-Age Adults by : National Academies of Sciences Engineering and Medicine

Download or read book High and Rising Mortality Rates Among Working-Age Adults written by National Academies of Sciences Engineering and Medicine and published by . This book was released on 2021-12-02 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Longevity Risk and Retirement Income Planning

Author : Patrick J. Collins
Publisher : CFA Institute Research Foundation
ISBN 13 : 193466796X
Total Pages : 106 pages
Book Rating : 4.9/5 (346 download)

DOWNLOAD NOW!

Book Synopsis Longevity Risk and Retirement Income Planning by : Patrick J. Collins

Download or read book Longevity Risk and Retirement Income Planning written by Patrick J. Collins and published by CFA Institute Research Foundation. This book was released on 2015-12-28 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt: The past 50 years have seen an abundance of research on retirement planning and longevity risk. Reviewed here is the academic side of the research and its varied viewpoints and nuances. The evolution of retirement risk models, retirement portfolio problems and solutions, and annuities are some of the many topics covered.

Mortality and the Provision of Retirement Income

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264852409
Total Pages : 142 pages
Book Rating : 4.2/5 (648 download)

DOWNLOAD NOW!

Book Synopsis Mortality and the Provision of Retirement Income by : OECD

Download or read book Mortality and the Provision of Retirement Income written by OECD and published by OECD Publishing. This book was released on 2023-02-02 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report analyses the development of mortality assumptions to build mortality tables to better protect retirement income provision. Mortality assumptions are necessary to ensure the sustainability of lifetime incomes.

International Differences in Mortality at Older Ages

Author : National Research Council
Publisher : National Academies Press
ISBN 13 : 0309157331
Total Pages : 428 pages
Book Rating : 4.3/5 (91 download)

DOWNLOAD NOW!

Book Synopsis International Differences in Mortality at Older Ages by : National Research Council

Download or read book International Differences in Mortality at Older Ages written by National Research Council and published by National Academies Press. This book was released on 2011-02-27 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1950 men and women in the United States had a combined life expectancy of 68.9 years, the 12th highest life expectancy at birth in the world. Today, life expectancy is up to 79.2 years, yet the country is now 28th on the list, behind the United Kingdom, Korea, Canada, and France, among others. The United States does have higher rates of infant mortality and violent deaths than in other developed countries, but these factors do not fully account for the country's relatively poor ranking in life expectancy. International Differences in Mortality at Older Ages: Dimensions and Sources examines patterns in international differences in life expectancy above age 50 and assesses the evidence and arguments that have been advanced to explain the poor position of the United States relative to other countries. The papers in this deeply researched volume identify gaps in measurement, data, theory, and research design and pinpoint areas for future high-priority research in this area. In addition to examining the differences in mortality around the world, the papers in International Differences in Mortality at Older Ages look at health factors and life-style choices commonly believed to contribute to the observed international differences in life expectancy. They also identify strategic opportunities for health-related interventions. This book offers a wide variety of disciplinary and scholarly perspectives to the study of mortality, and it offers in-depth analyses that can serve health professionals, policy makers, statisticians, and researchers.

Modelling Longevity Dynamics for Pensions and Annuity Business

Author : Ermanno Pitacco
Publisher : OUP Oxford
ISBN 13 : 0191609420
Total Pages : 416 pages
Book Rating : 4.1/5 (916 download)

DOWNLOAD NOW!

Book Synopsis Modelling Longevity Dynamics for Pensions and Annuity Business by : Ermanno Pitacco

Download or read book Modelling Longevity Dynamics for Pensions and Annuity Business written by Ermanno Pitacco and published by OUP Oxford. This book was released on 2009-01-29 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mortality improvements, uncertainty in future mortality trends and the relevant impact on life annuities and pension plans constitute important topics in the field of actuarial mathematics and life insurance techniques. In particular, actuarial calculations concerning pensions, life annuities and other living benefits (provided, for example, by long-term care insurance products and whole life sickness covers) are based on survival probabilities which necessarily extend over a long time horizon. In order to avoid underestimation of the related liabilities, the insurance company (or the pension plan) must adopt an appropriate forecast of future mortality. Great attention is currently being devoted to the management of life annuity portfolios, both from a theoretical and a practical point of view, because of the growing importance of annuity benefits paid by private pension schemes. In particular, the progressive shift from defined benefit to defined contribution pension schemes has increased the interest in life annuities with a guaranteed annual amount. This book provides a comprehensive and detailed description of methods for projecting mortality, and an extensive introduction to some important issues concerning longevity risk in the area of life annuities and pension benefits. It relies on research work carried out by the authors, as well as on a wide teaching experience and in CPD (Continuing Professional Development) initiatives. The following topics are dealt with: life annuities in the framework of post-retirement income strategies; the basic mortality model; recent mortality trends that have been experienced; general features of projection models; discussion of stochastic projection models, with numerical illustrations; measuring and managing longevity risk.

Paychecks and Playchecks

Author : Tom Hegna
Publisher :
ISBN 13 : 9780984217380
Total Pages : 0 pages
Book Rating : 4.2/5 (173 download)

DOWNLOAD NOW!

Book Synopsis Paychecks and Playchecks by : Tom Hegna

Download or read book Paychecks and Playchecks written by Tom Hegna and published by . This book was released on 2011-12-12 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Paychecks and playchecks is a guide for retirement that is built for uncertain markets like the one we are in today. The strategy is a mathematically and scientifically proven approach that will enable you to create a secure retirement, no matter how long you live."--Page 4 of cover.

Longevity Risk from a Pension Fund Perspective

Author : Lasse Erdweg
Publisher : GRIN Verlag
ISBN 13 : 3668094284
Total Pages : 24 pages
Book Rating : 4.6/5 (68 download)

DOWNLOAD NOW!

Book Synopsis Longevity Risk from a Pension Fund Perspective by : Lasse Erdweg

Download or read book Longevity Risk from a Pension Fund Perspective written by Lasse Erdweg and published by GRIN Verlag. This book was released on 2015-11-24 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2015 in the subject Business economics - Investment and Finance, grade: 1.7, University of Frankfurt (Main) (Faculty of Economics and Business Administration), language: English, abstract: Assurance companies face two main risk factors in the process of pricing annuity products namely the interest risk and the longevity risk. There are numerous products and possibilities for the insurers to hedge their interest risk using interest derivatives and long bonds. Hedging products against the longevity risk is uncommon but insurers have to take it into account when they are pricing their annuity products. There are two types of longevity risks. On the one hand the idiosyncratic longevity risk and on the other hand the systematic longevity risk. With regards to the idiosyncratic longevity risk, individuals are faced with the issue that they need to invest in assets for their retirement in spite of an uncertain span of lifetime and thus an uncertain investment horizon. Pricing of life annuities could be done according to corresponding mortality tables. If the clients of an insurer die on average according to mortality rates provided by such tables, the revenues of the insurer should be sufficient to ensure the payments for the clients who are still alive. The issue out of a pension fund perspective is that longevity has been improving over time and clients could live longer than anticipated. These improvements occurred in an unpredictable way, especially at higher ages according to Cairns et al. (2006). Insurers therefore made false calculations of the insurance premium and suffered losses due to pensioners living longer than anticipated. The systematic longevity risk is based on the stochastic variation of mortality. The future development of life expectancy will be highly unpredictable due to medical improvements or discoveries in genetic research. For that reason insurers need stochastic models to quantify the systematic mortality changes over time and to make a prediction about future mortality in order to prevent losses caused by longevity risk. This paper will firstly discuss the literature regarding the Lee and Carter one factor model and the relevance of longevity risk for annuity pricing. Second this paper aims to estimate the stochastic two-factor model by Cairns, Blake and Dowd (2006) (CBD) for U.S. males from 1933 to 2010 by running a simulation to predict average mortality for the year 2030. In the further course will this stated prediction be used to price an annuity product followed by a brief conclusion and summary of results.

The Public Economics of Changing Longevity

Author : Pierre Pestieau
Publisher : Cambridge University Press
ISBN 13 : 1009187082
Total Pages : 82 pages
Book Rating : 4.0/5 (91 download)

DOWNLOAD NOW!

Book Synopsis The Public Economics of Changing Longevity by : Pierre Pestieau

Download or read book The Public Economics of Changing Longevity written by Pierre Pestieau and published by Cambridge University Press. This book was released on 2022-02-10 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Our societies are witnessing a steady increase in longevity. This demographic evolution is accompanied by some convergence across countries, but at the same time substantial longevity inequalities persist within nations across income classes. This Element aims to survey some crucial implications of changing longevity on the design of optimal public policy. For that purpose, it first focuses on some difficulties raised by risky and varying lifetime for the representation of individual and social preferences. Then, it explore some central implications of changing longevity for optimal policy making, regarding prevention against premature death, pension policies, education, health care and long-term care. The author distinguishes between the case when longevity is partially the responsibility of individuals and the case when longevity is plainly exogenous.

Old and New Perspectives on Mortality Forecasting

Author : Tommy Bengtsson
Publisher : Springer
ISBN 13 : 3030050750
Total Pages : 349 pages
Book Rating : 4.0/5 (3 download)

DOWNLOAD NOW!

Book Synopsis Old and New Perspectives on Mortality Forecasting by : Tommy Bengtsson

Download or read book Old and New Perspectives on Mortality Forecasting written by Tommy Bengtsson and published by Springer. This book was released on 2019-03-28 with total page 349 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book describes methods of mortality forecasting and discusses possible improvements. It contains a selection of previously unpublished and published papers, which together provide a state-of-the-art overview of statistical approaches as well as behavioural and biological perspectives. The different parts of the book provide discussions of current practice, probabilistic forecasting, the linearity in the increase of life expectancy, causes of death, and the role of cohort factors. The key question in the book is whether it is possible to project future mortality accurately, and if so, what is the best approach. This makes the book a valuable read to demographers, pension planners, actuaries, and all those interested and/or working in modelling and forecasting mortality.

Individual retirement arrangements (IRAs)

Author : United States. Internal Revenue Service
Publisher :
ISBN 13 :
Total Pages : 284 pages
Book Rating : 4.:/5 (334 download)

DOWNLOAD NOW!

Book Synopsis Individual retirement arrangements (IRAs) by : United States. Internal Revenue Service

Download or read book Individual retirement arrangements (IRAs) written by United States. Internal Revenue Service and published by . This book was released on 1990 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Growing Gap in Life Expectancy by Income

Author : Committee on Population--Phase II
Publisher :
ISBN 13 : 9780309317078
Total Pages : 182 pages
Book Rating : 4.3/5 (17 download)

DOWNLOAD NOW!

Book Synopsis The Growing Gap in Life Expectancy by Income by : Committee on Population--Phase II

Download or read book The Growing Gap in Life Expectancy by Income written by Committee on Population--Phase II and published by . This book was released on 2015-09-17 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. population is aging. Social Security projections suggest that between 2013 and 2050, the population aged 65 and over will almost double, from 45 million to 86 million. One key driver of population aging is ongoing increases in life expectancy. Average U.S. life expectancy was 67 years for males and 73 years for females five decades ago; the averages are now 76 and 81, respectively. It has long been the case that better-educated, higher-income people enjoy longer life expectancies than less-educated, lower-income people. The causes include early life conditions, behavioral factors (such as nutrition, exercise, and smoking behaviors), stress, and access to health care services, all of which can vary across education and income. Our major entitlement programs - Medicare, Medicaid, Social Security, and Supplemental Security Income - have come to deliver disproportionately larger lifetime benefits to higher-income people because, on average, they are increasingly collecting those benefits over more years than others. This report studies the impact the growing gap in life expectancy has on the present value of lifetime benefits that people with higher or lower earnings will receive from major entitlement programs. The analysis presented in "The Growing Gap in Life Expectancy by Income" goes beyond an examination of the existing literature by providing the first comprehensive estimates of how lifetime benefits are affected by the changing distribution of life expectancy. The report also explores, from a lifetime benefit perspective, how the growing gap in longevity affects traditional policy analyses of reforms to the nation's leading entitlement programs. This in-depth analysis of the economic impacts of the longevity gap will inform debate and assist decision makers, economists, and researchers.

The SAGE Handbook of Social Gerontology

Author : Dale Dannefer
Publisher : SAGE Publications
ISBN 13 : 1412934648
Total Pages : 713 pages
Book Rating : 4.4/5 (129 download)

DOWNLOAD NOW!

Book Synopsis The SAGE Handbook of Social Gerontology by : Dale Dannefer

Download or read book The SAGE Handbook of Social Gerontology written by Dale Dannefer and published by SAGE Publications. This book was released on 2010-09-14 with total page 713 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume reflects the emergence of ageing as a global concern, including chapters by international scholars from Asia, Australasia, Europe and North America. It provides a comprehensive overview of key trends and issues in the field, drawing upon the full range of social science disciplines. The Handbook is organized into five parts, each exploring different aspects of research into social aspects of ageing: * Disciplinary overviews: summaries of findings from key disciplinary areas within social gerontology * Social relationships and social differences: topics include: social inequality, gender and ageing, the role of religion, inter-generational ties, social networks, and friendships in later life. * Individual characteristics and change in later life: chapters in this section examine different aspects of individual aging, including self and identity, cognitive processes, and biosocial interactions and their impact on physical and psychological aging. * Comparative perspectives and cultural innovations: topics in this section include: ageing and development, ageing in a global context, migration, and cross-cultural perspectives on grandparenthood. * Policy issues: The final section examines some of the main policy concerns affecting older people across the world. Topics include: developments in social policy, long-term care, technology and older people, end of life issues, work and retirement, crime and older people, and the politics of old age. This will be essential reading for all students, researchers and policy-makers concerned with the major issues influencing the lives of older people across the globe.

Longevity Insurance for a Biological Age

Author : Moshe Arye Milevsky
Publisher : Independently Published
ISBN 13 : 9781790658268
Total Pages : 134 pages
Book Rating : 4.6/5 (582 download)

DOWNLOAD NOW!

Book Synopsis Longevity Insurance for a Biological Age by : Moshe Arye Milevsky

Download or read book Longevity Insurance for a Biological Age written by Moshe Arye Milevsky and published by Independently Published. This book was released on 2019-03-10 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: Scientific advances now enable us to measure your true age with much greater precision than ever before. The backward-looking metric of chronological age is passé and has been superseded by the forward-looking measure of remaining lifetime. In the not-too distant future your phone, watch or even your clothes will measure and report how old you really are and how long you will likely be spending in retirement. This brief book examines the personal financial implications of this "new age" development and focuses on how to guarantee a sustainable income stream for the remainder of your biological life.