Personalised drawdown strategies and partial annuitisation to mitigate longevity risk

doi:10.1016/j.frl.2020.101644

科研成果详情

发表状态	已发表Published
题名	Personalised drawdown strategies and partial annuitisation to mitigate longevity risk
作者	Chen, Wen1 ; Minney, Aaron 2,3; Toscas, Peter 4; Koo, Bonsoo 5; Zhu, Zili 4; Pantelous, Athanasios A.5
发表日期	2021-03-01
发表期刊	Finance Research Letters
ISSN/eISSN	1544-6123
卷号	39
摘要	Despite the importance of drawdown strategies under a defined contribution system with increased longevity risk, little guidance to retired and retiring members has been forthcoming from superannuation funds. This paper provides a do-it-yourself drawdown design for members of superannuation funds along with comparison studies on a range of retirement income strategies under an array of realistic scenarios. A stochastic economic scenario generator is used to simulate the uncertain outcomes of different drawdown strategies during retirement. The impact of annuitisation for mitigating longevity risk under government pension rules and the selection of personalised drawdown and annuitisation strategies for retirement are examined.
关键词	Annuitisation Drawdown strategy Economic scenario generator Longevity risk Retirement income Superannuation
DOI	10.1016/j.frl.2020.101644
URL	查看来源
收录类别	SSCI
语种	英语English
WOS研究方向	Business & Economics
WOS类目	Business, Finance
WOS记录号	WOS:000624351500006
Scopus入藏号	2-s2.0-85086571756
引用统计	被引频次：3[WOS] [WOS记录] [WOS相关记录]
文献类型	期刊论文
条目标识符	https://repository.uic.edu.cn/handle/39GCC9TT/12713
专题	个人在本单位外知识产出理工科技学院
通讯作者	Pantelous, Athanasios A.
作者单位	1.CSIRO Data61,Docklands,34 Village Street,3008,Australia 2.Challenger Limited,Level 2,Sydney,5 Martin Place,2000,Australia 3.Macquarie Business School,Macquarie University,2109,Australia 4.CSIRO Data61 Private Bag 10,Clayton South,3169,Australia 5.Department of Econometrics & Business Statistics,Monash University,Clayton,3800,Australia
推荐引用方式 GB/T 7714	Chen, Wen,Minney, Aaron,Toscas, Peteret al. Personalised drawdown strategies and partial annuitisation to mitigate longevity risk[J]. Finance Research Letters, 2021, 39.
APA	Chen, Wen, Minney, Aaron, Toscas, Peter, Koo, Bonsoo, Zhu, Zili, & Pantelous, Athanasios A. (2021). Personalised drawdown strategies and partial annuitisation to mitigate longevity risk. Finance Research Letters, 39.
MLA	Chen, Wen,et al."Personalised drawdown strategies and partial annuitisation to mitigate longevity risk". Finance Research Letters 39(2021).