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- W2461635195 abstract "Abstract In the context of the reform of defined benefit pension systems under population ageing, we focus on the introduction of automatic adjustment mechanisms linked to life expectancy. Our goal is to establish a relationship between changes in the key parameters of the pension system and changes in life expectancy, applying the principle of intergenerational actuarial neutrality. For a defined benefit pension scheme, we first obtain the fundamental adjustment equation and then, for particular cases, we derive different designs of automatic adjustment mechanisms depending on the involved parameter. We include a numerical application only for illustrative purposes." @default.
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- W2461635195 date "2016-01-01" @default.
- W2461635195 modified "2023-10-04" @default.
- W2461635195 title "Adjustment mechanisms and intergenerational actuarial neutrality in pension reforms" @default.
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- W2461635195 doi "https://doi.org/10.1111/issr.12096" @default.
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