Can actuaries wriggle out of their straitjackets? Comments on Miklos Arato's contribution on Janos Stahl's article.

• Authors: Nemeth Gy.
• Languages of publication: HU

Abstracts

EN

Janos Stahl's article and Miklos Arato's contribution on it show that the reason for the absence of a solution to a problem seen as technical by outside observers and an internal professional matter by expert insurance mathematicians - the annuities provided to their members by the pension funds making up the second pillar of the pension system - must be sought largely in the lack of an economic grounding, or deficiencies in it. The answers that have been impeding progress suffer from lack of clarity, misconceptions or plain mistakes of principle and theory, and these have been preventing progress for almost a decade. The basic condition for a solution is to escape from the straitjacket of the actuarial thinking of those schooled in insurance practice. The author of this discussion article eventually arrives at almost the same point as Janos Stahl, but not by the same route and drawing different conclusions. Stahl strained at the actuarial framework and met with incomprehension, while the author of these lines seeks a solution to an economic problem..

Keywords

EN

INSURANCE; PENSION FUNDS

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Committee for Economic Sciences of the Hungarian Academy of Sciences
• Journal: Kozgazdasagi Szemle (Economic Review)
• Year: 2006
• Volume: 53
• Issue: 6
• Pages: 560-567
• Document type: ARTICLE

Contributors

author

Nemeth Gy.

• Gy. Nemeth, no address given, contact the journal editor

Identifiers

CEJSH db identifier

07HUAAAA02986113