Lowering costs of private retirement by sharing of life-length risk within a household

Radosław Pietrzyk , Paweł Rokita


In 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
Author Radosław Pietrzyk (MISaF / IZF / KIFiZR)
Radosław Pietrzyk,,
- Katedra Inwestycji Finansowych i Zarządzania Ryzykiem
, Paweł Rokita (MISaF / IZF / KIFiZR)
Paweł Rokita,,
- Katedra Inwestycji Finansowych i Zarządzania Ryzykiem
Publication size in sheets0.5
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 Englishhousehold, financial planning, retirement investment, longevity risk, risk sharing
Languageen angielski
Pietrzyk_Rokita_Lowering_costs_of_ private2015.pdf 533,46 KB
Score (nominal)15
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