Percentile pension cost methods with random retirement age |
Posted on:2004-04-22 | Degree:M.Sc | Type:Thesis |
University:Concordia University (Canada) | Candidate:Torres Jimenez, Cristian | Full Text:PDF |
GTID:2459390011955198 | Subject:Mathematics |
Abstract/Summary: | |
A new family of methods for pension valuation is studied; Ramsay (1993) who originally proposed them called them percentile cost methods. These are compared to traditional cost methods and their differences are discussed. A numerical illustration is presented.; In addition, this thesis models the retirement age as a random variable. The traditional and percentile cost methods are redefined under this more general random context. |
Keywords/Search Tags: | Methods, Percentile, Random, Retirement age |
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