Starzenie się społeczeństw a ryzyko przeżycia

• Authors: Paweł T. Wieprzowski , Piotr Wieprzowski

Title variants

EN

AGEING AND LONGEVITY RISK

• Languages of publication: PL

Abstracts

EN

The article presents the causes of population aging and the consequent reform of pension systems. The problem that emerged in the last several years was faster than expected lengthening of life expectancy of retirees. This led to the depletion of funds accumulated by pension funds to pay future retirement benefits. The solution to this problem was the launch of market instruments enabling the transfer of longevity risk exposure of pension funds to investors accepting this risk. Although not very successful in the beginning, this market began to develop in recent years. The article presents its current shape and main segments.

Keywords

EN

pay-as-you-go (PAYG); capital pension system; pension reform; longevity risk; longevity instruments; pension funds

• Publisher: Spółdzielczy Instytut Naukowy G. Bierecki sp.j.
• Journal: Pieniądze i Więź
• Year: 2012
• Volume: 15
• Issue: 1(54)
• Pages: 88-96

Contributors

author

Paweł T. Wieprzowski

author

Piotr Wieprzowski