Estimation of Conversion Rates into Annuities: A Brazilian Perspective

dc.contributor.authorVaz, Thalita A.
dc.contributor.authorMachado, Sergio Jurandyr
dc.contributor.authorADRIANA BRUSCATO BORTOLUZZO
dc.coverage.cidadeSão Paulopt_BR
dc.coverage.paisBrasilpt_BR
dc.creatorVaz, Thalita A.
dc.creatorMachado, Sergio Jurandyr
dc.date.accessioned2023-07-19T16:15:02Z
dc.date.available2023-07-19T16:15:02Z
dc.date.issued2011
dc.description.otherBecause pension plans have been marketed with outdated technical premises, Brazilian insurance companies find themselves required to identify additional resources to ensure their ability to meet future benefit payments obligations. When calculating the additional amount of this provision, the parameters used are: mortality and disability decrements, the structure of interest rates, financial performance, cancellation fees and conversion rates. The aim of this study is to present new techniques for the estimation of conversion rates. The resulting analysis of the data allows us to conclude that two factors—the volume of accumulated reserves and the classification of prices as actuarially fair—increase the propensity of an individual to convert resources in retirement. In turn, retirement age and the need for liquidity reduce the propensity to convert resources in retirement.pt_BR
dc.format.extent16 p.pt_BR
dc.format.mediumDigitalpt_BR
dc.identifier.issueWPE 249/2011
dc.identifier.urihttps://repositorio.insper.edu.br/handle/11224/5863
dc.language.isoInglêspt_BR
dc.publisherInsperpt_BR
dc.publisherIBMEC São Paulopt_BR
dc.relation.ispartofseriesInsper Working Paperpt_BR
dc.rights.licenseO INSPER E ESTE REPOSITÓRIO NÃO DETÊM OS DIREITOS DE USO E REPRODUÇÃO DOS CONTEÚDOS AQUI REGISTRADOS. É RESPONSABILIDADE DO USUÁRIO VERIFICAR OS USOS PERMITIDOS NA FONTE ORIGINAL, RESPEITANDO-SE OS DIREITOS DE AUTOR OU EDITORpt_BR
dc.subject.keywordsRetirementpt_BR
dc.subject.keywordsAnnuitypt_BR
dc.subject.keywordsProvision for Insufficient Contributionspt_BR
dc.titleEstimation of Conversion Rates into Annuities: A Brazilian Perspectivept_BR
dc.typeworking paper
dspace.entity.typePublication
local.subject.cnpqCiências Sociais Aplicadaspt_BR
local.typeWorking Paperpt_BR
relation.isAuthorOfPublicationccfd47d5-bd80-4464-98ce-629abb672e3d
relation.isAuthorOfPublication.latestForDiscoveryccfd47d5-bd80-4464-98ce-629abb672e3d
Arquivos
Pacote Original
Agora exibindo 1 - 1 de 1
Carregando...
Imagem de Miniatura
Nome:
2011_wpe249.pdf
Tamanho:
360.54 KB
Formato:
Adobe Portable Document Format
Descrição:
2011_wpe249
Licença do Pacote
Agora exibindo 1 - 1 de 1
N/D
Nome:
license.txt
Tamanho:
282 B
Formato:
Item-specific license agreed upon to submission
Descrição: