Modelling Longevity Risk in the Context of Central Statistical Office Population Projections for Poland to 2050
DOI:
https://doi.org/10.15678/AOC.2016.1506Keywords:
longevity risk, life expectancy projections, contribution pension plan, propability of ruinAbstract
The problem of an ageing population confronts the majority of advanced countries. This paper analyses the probability, which may be termed the probability of a sustainable pension, that a retired person will not face financial ruin before they die.
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