{"title":"农田养老保险:老年农民的新庇护所","authors":"Changki Kim, Eyunghee Kim, S. Jeong","doi":"10.2139/ssrn.1826463","DOIUrl":null,"url":null,"abstract":"Aging population and the resulting old age income shortage has come to the fore in many countries around the globe. In response, farmland-backed annuities (FBA) that liquidize farmland assets to provide living income to aged farmers have been proposed and instituted by Korean government. We aim to construct a suitable pricing model for FBA and find optimum structure for the product. Suggestions on designing FBA to meet various needs of aged-farmers follow. We also provide risk-profit profile for annuitants, annuity issuers, and reinsurers, respectively.","PeriodicalId":183243,"journal":{"name":"Elder Law Studies eJournal","volume":"1 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2011-04-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Farmland Backed Annuities: A New Shelter for Aged Farmers\",\"authors\":\"Changki Kim, Eyunghee Kim, S. Jeong\",\"doi\":\"10.2139/ssrn.1826463\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Aging population and the resulting old age income shortage has come to the fore in many countries around the globe. In response, farmland-backed annuities (FBA) that liquidize farmland assets to provide living income to aged farmers have been proposed and instituted by Korean government. We aim to construct a suitable pricing model for FBA and find optimum structure for the product. Suggestions on designing FBA to meet various needs of aged-farmers follow. We also provide risk-profit profile for annuitants, annuity issuers, and reinsurers, respectively.\",\"PeriodicalId\":183243,\"journal\":{\"name\":\"Elder Law Studies eJournal\",\"volume\":\"1 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2011-04-29\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Elder Law Studies eJournal\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2139/ssrn.1826463\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Elder Law Studies eJournal","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.1826463","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Farmland Backed Annuities: A New Shelter for Aged Farmers
Aging population and the resulting old age income shortage has come to the fore in many countries around the globe. In response, farmland-backed annuities (FBA) that liquidize farmland assets to provide living income to aged farmers have been proposed and instituted by Korean government. We aim to construct a suitable pricing model for FBA and find optimum structure for the product. Suggestions on designing FBA to meet various needs of aged-farmers follow. We also provide risk-profit profile for annuitants, annuity issuers, and reinsurers, respectively.
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