Trade-Offs in Means Tested Pension Design

Chung Tran () and Alan Woodland
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Chung Tran: Research School of Economics, Australian National University and ARC Centre of Excellence in Population Ageing Research, Australian School of Business, University of New South Wales

No 201110, Working Papers from ARC Centre of Excellence in Population Ageing Research (CEPAR), Australian School of Business, University of New South Wales

Abstract: This paper proposes and assesses consistent multi-factor dynamic ane mortality models for longevity risk applications. The dynamics of the model produce closed-form expressions for survival curves. The framework includes an arbitrage free model specication. Importantly, the mortality model provides consistent future survival curves with the same parametric form as the initial curve.

Keywords: Means-Tested Pension; Social Security; Optimal Policy; Overlapping Generations; Dynamic General Equilibrium (search for similar items in EconPapers)
JEL-codes: D9 E2 E6 H3 H5 J1 (search for similar items in EconPapers)
Pages: 37 pages
Date: 2011-10
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Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Trade-offs in means tested pension design (2014)
Working Paper: Trade-Offs in Means Tested Pension Design (2011)
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