Actuarial Model of the Implicit Pension Debt of China with the Stochastic Interest Rate

被引：0
|
作者：
Jia, N. N. [1 ]
Yang, J. B. [1 ]
Yang, H. [1 ]
机构：
[1] Harbin Engn Univ, Coll Sci, Harbin 150001, Peoples R China
来源：
PROCEEDINGS OF THE 2015 INTERNATIONAL CONFERENCE ON ECONOMICS, SOCIAL SCIENCE, ARTS, EDUCATION AND MANAGEMENT ENGINEERING | 2015年 / 38卷
关键词：
stochastic interest rate; implicit pension debt; Monte Carlo simulation;
D O I：
暂无
中图分类号：
C [社会科学总论];
学科分类号：
03 ; 0303 ;
摘要：
In the global context of population aging, the problem of the implicit pension debt is gradually dominant in China. Firstly, based on the actuarial model of the implicit pension debt with the fixed interest rate, we establish the actuarial model of the implicit pension debt with the stochastic interest rate. Secondly, with the model, the expression of expectation is derived. Finally, Monte Carlo simulation is performed. The result provides a theoretical basis to estimate the exact size of implicit pension debt for Chinese government.
引用
收藏
页码：643 / 647
页数：5
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