| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w20124 |
| 来源ID | Working Paper 20124 |
| Accounting and Actuarial Smoothing of Retirement Payouts in Participating Life Annuities | |
| Raimond Maurer; Olivia S. Mitchell; Ralph Rogalla; Ivonne Siegelin | |
| 发表日期 | 2014-05-15 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | Life insurers use accounting and actuarial techniques to smooth reporting of firm assets and liabilities, seeking to transfer surpluses in good years to cover benefit payouts in bad years. Nevertheless, these techniques been criticized as they make it difficult to assess insurers' true financial status. We develop stylized and realistically-calibrated models of participating lifetime annuities, an insurance product that pays retirees guaranteed lifelong benefits along with variable non-guaranteed surplus. Our goal is to illustrate how accounting and actuarial techniques for this type of financial contract shape policyholder wellbeing, along with insurer profitability and stability. Smoothing adds value to both the annuitant and the insurer, so curtailing smoothing could undermine the market for long-term retirement payout products. |
| 主题 | Financial Economics ; Financial Institutions ; Labor Economics ; Demography and Aging ; Labor Compensation ; Other ; Accounting, Marketing, and Personnel |
| URL | https://www.nber.org/papers/w20124 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/577798 |
| 推荐引用方式 GB/T 7714 | Raimond Maurer,Olivia S. Mitchell,Ralph Rogalla,et al. Accounting and Actuarial Smoothing of Retirement Payouts in Participating Life Annuities. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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