FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W1982253043> ?p ?o ?g. }

• W1982253043 endingPage "631" @default.
• W1982253043 startingPage "611" @default.
• W1982253043 abstract "Abstract This article explores the trade‐offs associated with government issuance of longevity bonds as a way of stimulating private annuity supply in the presence of aggregate mortality risk. We provide new calculations suggesting a 5 percent chance that aggregate mortality risk could ex post raise annuity costs for private insurers by as much as 5–10 percentage points, with the most likely effect based on historical patterns toward the lower end of that range. While we suspect that aggregate mortality risk does exert some upward pressure on annuity prices, evidence from private market pricing suggests that, to the extent that private insurers are accurately pricing this risk, the effect is less than 5 percentage points. We discuss ways that the private market can spread this risk, while emphasizing that the government has the unique ability to spread aggregate risk across generations. We note factors that might hamper such an efficient allocation of risk, including potential political incentives for the government to shift more than the optimal amount of risk onto future generations, and the possibility that government fiscal policy might allocate risk less efficiently within each generation than would private markets. We also discuss how large‐scale longevity bond issuance might affect government borrowing costs, as well as political economy aspects of how the proceeds from such a bond issuance might be used." @default.
• W1982253043 created "2016-06-24" @default.
• W1982253043 creator A5001664022 @default.
• W1982253043 creator A5059227008 @default.
• W1982253043 date "2006-11-29" @default.
• W1982253043 modified "2023-10-13" @default.
• W1982253043 title "The Political Economy of Government-Issued Longevity Bonds" @default.
• W1982253043 cites W1257187127 @default.
• W1982253043 cites W1488893502 @default.
• W1982253043 cites W1495951976 @default.
• W1982253043 cites W1522743842 @default.
• W1982253043 cites W1966041856 @default.
• W1982253043 cites W1966879717 @default.
• W1982253043 cites W1986408318 @default.
• W1982253043 cites W2014877241 @default.
• W1982253043 cites W2025734595 @default.
• W1982253043 cites W2040072664 @default.
• W1982253043 cites W2073162034 @default.
• W1982253043 cites W2126990923 @default.
• W1982253043 cites W2131560241 @default.
• W1982253043 cites W2138407064 @default.
• W1982253043 cites W2144345641 @default.
• W1982253043 cites W2157556859 @default.
• W1982253043 cites W2162453183 @default.
• W1982253043 cites W2224876874 @default.
• W1982253043 cites W3121740720 @default.
• W1982253043 cites W3122282823 @default.
• W1982253043 cites W3123212286 @default.
• W1982253043 cites W3124255721 @default.
• W1982253043 cites W3124406936 @default.
• W1982253043 cites W3124610454 @default.
• W1982253043 cites W3125050545 @default.
• W1982253043 cites W3125453282 @default.
• W1982253043 cites W3125518630 @default.
• W1982253043 cites W4249706252 @default.
• W1982253043 doi "https://doi.org/10.1111/j.1539-6975.2006.00191.x" @default.
• W1982253043 hasPublicationYear "2006" @default.
• W1982253043 type Work @default.
• W1982253043 sameAs 1982253043 @default.
• W1982253043 citedByCount "48" @default.
• W1982253043 countsByYear W19822530432012 @default.
• W1982253043 countsByYear W19822530432013 @default.
• W1982253043 countsByYear W19822530432014 @default.
• W1982253043 countsByYear W19822530432015 @default.
• W1982253043 countsByYear W19822530432016 @default.
• W1982253043 countsByYear W19822530432017 @default.
• W1982253043 countsByYear W19822530432018 @default.
• W1982253043 countsByYear W19822530432019 @default.
• W1982253043 countsByYear W19822530432021 @default.
• W1982253043 countsByYear W19822530432022 @default.
• W1982253043 crossrefType "journal-article" @default.
• W1982253043 hasAuthorship W1982253043A5001664022 @default.
• W1982253043 hasAuthorship W1982253043A5059227008 @default.
• W1982253043 hasConcept C10138342 @default.
• W1982253043 hasConcept C106159729 @default.
• W1982253043 hasConcept C138885662 @default.
• W1982253043 hasConcept C144133560 @default.
• W1982253043 hasConcept C162324750 @default.
• W1982253043 hasConcept C17744445 @default.
• W1982253043 hasConcept C199539241 @default.
• W1982253043 hasConcept C2778137410 @default.
• W1982253043 hasConcept C2780389337 @default.
• W1982253043 hasConcept C2780899237 @default.
• W1982253043 hasConcept C2781386606 @default.
• W1982253043 hasConcept C29122968 @default.
• W1982253043 hasConcept C34447519 @default.
• W1982253043 hasConcept C41895202 @default.
• W1982253043 hasConcept C44465351 @default.
• W1982253043 hasConcept C556758197 @default.
• W1982253043 hasConcept C63143784 @default.
• W1982253043 hasConcept C69738904 @default.
• W1982253043 hasConcept C76485209 @default.
• W1982253043 hasConcept C80212096 @default.
• W1982253043 hasConcept C94625758 @default.
• W1982253043 hasConceptScore W1982253043C10138342 @default.
• W1982253043 hasConceptScore W1982253043C106159729 @default.
• W1982253043 hasConceptScore W1982253043C138885662 @default.
• W1982253043 hasConceptScore W1982253043C144133560 @default.
• W1982253043 hasConceptScore W1982253043C162324750 @default.
• W1982253043 hasConceptScore W1982253043C17744445 @default.
• W1982253043 hasConceptScore W1982253043C199539241 @default.
• W1982253043 hasConceptScore W1982253043C2778137410 @default.
• W1982253043 hasConceptScore W1982253043C2780389337 @default.
• W1982253043 hasConceptScore W1982253043C2780899237 @default.
• W1982253043 hasConceptScore W1982253043C2781386606 @default.
• W1982253043 hasConceptScore W1982253043C29122968 @default.
• W1982253043 hasConceptScore W1982253043C34447519 @default.
• W1982253043 hasConceptScore W1982253043C41895202 @default.
• W1982253043 hasConceptScore W1982253043C44465351 @default.
• W1982253043 hasConceptScore W1982253043C556758197 @default.
• W1982253043 hasConceptScore W1982253043C63143784 @default.
• W1982253043 hasConceptScore W1982253043C69738904 @default.
• W1982253043 hasConceptScore W1982253043C76485209 @default.
• W1982253043 hasConceptScore W1982253043C80212096 @default.
• W1982253043 hasConceptScore W1982253043C94625758 @default.
• W1982253043 hasIssue "4" @default.
• W1982253043 hasLocation W19822530431 @default.
• W1982253043 hasOpenAccess W1982253043 @default.

• next