代际共享无法对冲的通胀风险

IF 1.9 2区经济学 Q2 ECONOMICS

Insurance Mathematics & Economics Pub Date : 2023-08-30 DOI:10.1016/j.insmatheco.2023.08.004

Damiaan H.J. Chen , Roel M.W.J. Beetsma , Sweder J.G. van Wijnbergen

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引用次数: 0

摘要

我们探讨了在缺乏合适的金融市场工具的情况下，集体养老金计划的成员如何分担通胀风险。使用代际风险分担安排，与严格基于个人或群体的养老金计划相比，该计划的参与者可以更好地分配风险，因为这些只能通过现有的金融市场工具来减少风险。因此，代际分担这些风险可以提高福利。鉴于其资助养老金部门的规模，这对荷兰和英国尤其有利。

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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Intergenerational sharing of unhedgeable inflation risk

We explore how members of a collective pension scheme can share inflation risks in the absence of suitable financial market instruments. Using intergenerational risk-sharing arrangements, risks can be allocated better across the scheme's participants than would be the case in a strictly individual- or cohort-based pension scheme, as these can only lay off risks via existing financial market instruments. Hence, intergenerational sharing of these risks enhances welfare. In view of the sizes of their funded pension sectors, this would be particularly beneficial for the Netherlands and the U.K.

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来源期刊

Insurance Mathematics & Economics 管理科学-数学跨学科应用

CiteScore

3.40

自引率

15.80%

发文量

审稿时长

17.3 weeks

期刊介绍： Insurance: Mathematics and Economics publishes leading research spanning all fields of actuarial science research. It appears six times per year and is the largest journal in actuarial science research around the world. Insurance: Mathematics and Economics is an international academic journal that aims to strengthen the communication between individuals and groups who develop and apply research results in actuarial science. The journal feels a particular obligation to facilitate closer cooperation between those who conduct research in insurance mathematics and quantitative insurance economics, and practicing actuaries who are interested in the implementation of the results. To this purpose, Insurance: Mathematics and Economics publishes high-quality articles of broad international interest, concerned with either the theory of insurance mathematics and quantitative insurance economics or the inventive application of it, including empirical or experimental results. Articles that combine several of these aspects are particularly considered.