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The impact of longevity improvements on U.S. corporate defined benefit pension plans
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| 자료유형 | 단행본 |
|---|---|
| 서명/저자사항 | The impact of longevity improvements on U.S. corporate defined benefit pension plans/ prepared by Michael Kisser [and others]. |
| 개인저자 | Kisser, Michael,author, |
| 단체저자명 | International Monetary Fund. Monetary and Capital Markets Department. International Monetary Fund. Fiscal Affairs Department. |
| 발행사항 | [Washington, D.C.]: International Monetary Fund, ?012. |
| 형태사항 | 1 online resource (34 pages). |
| 총서사항 | IMF working paper;WP/12/170 |
| ISBN | 1475554974 9781475554977 |
| 일반주기 |
Title from PDF title page (IMF Web site, viewed Jul. 7, 2012).
"Monetary and Capital Markets and Fiscal Affairs Department." "June 2012." |
| 서지주기 | Includes bibliographical references. |
| 요약 | This paper provides the first empirical assessment of the impact of life expectancy assumptions on the liabilities of private U.S. defined benefit (DB) pension plans. Using detailed actuarial and financial information provided by the U.S. Department of Labor, we construct a longevity variable for each pension plan and then measure the impact of varying life expectancy assumptions across plans and over time on pension plan liabilities. The results indicate that each additional year of life expectancy increases pension liabilities by about 3 to 4 percent. This effect is not only statistically highly significant but also economically: each year of additional life expectancy would increase private U.S. DB pension plan liabilities by as much as $84 billion. |
| 일반주제명 | Pensions --United States --Econometric models. Longevity --United States --Econometric models. Life expectancy --United States --Econometric models. BUSINESS & ECONOMICS --Finance. |
| 언어 | 영어 |
| 바로가기 |  |
