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Sharing longevity risk : why governments should issue longevity bonds
Collection: Articles
Title: Sharing longevity risk : why governments should issue longevity bonds / David Blake, Tom Boardman, Andrew CairnsAuthor: Blake, David ‌
Notes: Sumario: Government-issued longevity bonds would allow longevity risk to be shared efficiently and fairly between generations. In exchange for paying a longevity risk premium, the current generation of retirees can look to future generations to hedge their systematic longevity risk. Longevity bonds will lead to a more secure pension savings market, together with a more efficient annuity market. By issuing longevity bonds, governments can aid the establishment of reliable longevity indices and key price points on the longevity risk term structure and help the emerging capital market in longevity-linked instruments to build on this term structure with liquid longevity derivatives.

Related records: En: North American actuarial journal. - Schaumburg : Society of Actuaries, 1997- = ISSN 1092-0277. - 03/02/2014 Tomo 18 Número 1 - 2014 Other categories: 7
Rights: In Copyright (InC)
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