Updated remarriage contingency deductions for widowed South Africans

IF 0.1 Q4 BUSINESS, FINANCE
A. Channa, J. Yuan, Mbj Carswell
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Abstract

Where a widowed person has a legal claim for support following the death of their spouse, their compensation may be reduced to allow for the possibility of remarriage. This reduction, known as a remarriage contingency, accounts for both the probability of remarriage and the change in financial status on remarriage. The only South African tables available are viewed as outdated and focus only on widows. This research uses data from the National Income Dynamics Survey to find updated remarriage contingencies for South African widows and widowers. The data indicate that age and race may influence the remarriage probabilities although this result may have been influenced by poor income and child data. The remarriage contingencies calculated were lower than the old tables for widowed whites and younger coloureds but higher for widowed Africans, Asians and older coloureds. The remarriage contingencies calculated were high relative to the general post-settlement contingency of 15% suggesting that there may still be scope for an explicit remarriage contingency.
最新的南非丧偶者再婚意外扣除额
如果丧偶的人在其配偶去世后有合法的赡养要求,他们的赔偿可能会减少,以考虑再婚的可能性。这种减少被称为再婚偶然性,既考虑了再婚的可能性,也考虑了再婚后经济状况的变化。南非唯一可用的表格被认为已经过时,只关注寡妇。这项研究使用了国家收入动态调查的数据,为南非寡妇和鳏夫寻找最新的再婚意外情况。数据表明,年龄和种族可能会影响再婚概率,尽管这一结果可能受到低收入和儿童数据的影响。对于寡居的白人和年轻有色人种,计算出的再婚意外事件低于旧表,但对于寡居非洲、亚洲人和年长有色人种,则更高。相对于15%的一般安置后意外事故,计算出的再婚意外事故较高,这表明可能仍有明确再婚意外事故的空间。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
South African Actuarial Journal
South African Actuarial Journal BUSINESS, FINANCE-
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