Centro de Documentacion de Fundación MAPFRE - A Redistributive GSA scheme to cope with socio-economic mortality differentials

MAP20260001807

A Redistributive GSA scheme to cope with socio-economic mortality differentials / Maria Aragona, Luca Regis and Elena Vigna

Sumario: Longevity risk is threatening the sustainability of traditional pension systems. To deal with this issue, decumulation strategies alternative to annuities have been proposed in the literature. However, heterogeneity in mortality experiences in the pool of policyholders due to socio-economic classes generates inequity, because of implicit wealth transfers from the more disadvantaged to the wealthier classes. They address this issue in a Group Self-Annuitization (GSA) scheme in the presence of stochastic mortality by proposing a redistributive GSA scheme where benefits are optimally shared across classes

En: Astin bulletin. - Belgium : ASTIN and AFIR Sections of the International Actuarial Association = ISSN 0515-0361. - 15/09/2025 Volume 55 Issue 3 - September 2025 , p. 757 - 774

1. Sistemas de pensiones . 2. Desigualdades sociales . 3. Longevidad . 4. Cálculo actuarial . 5. Modelos matemáticos . 6. Renta vitalicia . 7. Matemática del seguro . 8. Distribuciones de probabilidad . I. Regis, Luca . II. Vigna, Elena . III. International Actuarial Association . IV. Title.