Lowering costs of private retirement by sharing of life-length risk within a household
Radosław Pietrzyk , Paweł Rokita
AbstractIn this article there is used a discrete-time, cash-flow based, two-person household financial plan optimization model, presented earlier by Feldman, Pietrzyk and Rokita (2014a) and Pietrzyk and Rokita (2015b). It is shown by an example that the model captures internal transfer of life-length risk within a household (sharing risk of longevity and premature death between household members) and that it allows to reflect advantages from this effect in terms of retirement investment contribution reduction
|Publication size in sheets||0.5|
|Book||Papież Monika, Śmiech Sławomir (eds.): Proceedings of the 9th Professor Aleksander Zelias International Conference on Modelling and Forecasting of Socio-Economic Phenomena [dokument elektroniczny], 2015, Foundation of the Cracow University of Economics, ISBN 978-83-62511-43-3, [978-83-65173-04-1], 224 p.|
|Keywords in English||household, financial planning, retirement investment, longevity risk, risk sharing|
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