The Resource Accounting and Actuarial Smoothing of Retirement Payouts in Participating Life Annuities, Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla, Ivonne Siegelin, (electronic resource)

Accounting and Actuarial Smoothing of Retirement Payouts in Participating Life Annuities, Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla, Ivonne Siegelin, (electronic resource)

Label
Accounting and Actuarial Smoothing of Retirement Payouts in Participating Life Annuities
Title
Accounting and Actuarial Smoothing of Retirement Payouts in Participating Life Annuities
Statement of responsibility
Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla, Ivonne Siegelin
Creator
Contributor
Subject
Language
eng
Summary
Life insurers use accounting and actuarial techniques to smooth reporting of firm assets and liabilities, seeking to transfer surpluses in good years to cover benefit payouts in bad years. Nevertheless, these techniques been criticized as they make it difficult to assess insurers' true financial status. We develop stylized and realistically-calibrated models of participating lifetime annuities, an insurance product that pays retirees guaranteed lifelong benefits along with variable non-guaranteed surplus. Our goal is to illustrate how accounting and actuarial techniques for this type of financial contract shape policyholder wellbeing, along with insurer profitability and stability. Smoothing adds value to both the annuitant and the insurer, so curtailing smoothing could undermine the market for long-term retirement payout products
Member of
http://library.link/vocab/creatorName
Maurer, Raimond
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
  • Mitchell, Olivia S
  • Rogalla, Ralph
  • Siegelin, Ivonne
  • National Bureau of Economic Research
Series statement
NBER working paper series
Series volume
no. w20124
Target audience
specialized
Label
Accounting and Actuarial Smoothing of Retirement Payouts in Participating Life Annuities, Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla, Ivonne Siegelin, (electronic resource)
Instantiates
Publication
Note
May 2014
Control code
ssj0001214452
Dimensions
unknown
Form of item
online
Governing access note
Access restricted to subscribing institutions
Specific material designation
remote
System control number
(WaSeSS)ssj0001214452
System details
  • System requirements: Adobe [Acrobat] Reader required for PDF files
  • Mode of access: World Wide Web
Label
Accounting and Actuarial Smoothing of Retirement Payouts in Participating Life Annuities, Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla, Ivonne Siegelin, (electronic resource)
Publication
Note
May 2014
Control code
ssj0001214452
Dimensions
unknown
Form of item
online
Governing access note
Access restricted to subscribing institutions
Specific material designation
remote
System control number
(WaSeSS)ssj0001214452
System details
  • System requirements: Adobe [Acrobat] Reader required for PDF files
  • Mode of access: World Wide Web

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