TY  - BOOK
AU  - El Karoui,Nicole
AU  -  Hillairet,Caroline
AU  -  Loisel,Stéphane
AU  -  Salhi,Yahia
TI  - The Price of  Longevity Risk
PY  - 2019///.
							
N1  - 60
N2  - In this article, we address the issue of the price of longevity risk. We begin by describing the risk of longevity and its components, distinguishing biometric, financial and regulatory aspects. We then explain the different valuation frameworks (actuarial, financial and regulatory), their common points and their differences. We discuss the issue of discounting and modeling long-term interest rates for longevity risk management. We also give details on the subjective and pragmatic way to handle different components of longevity risk, especially the most extreme, in the market. JEL Codes: G12, I13
UR  - https://shs.cairn.info/journal-revue-d-economie-financiere-2019-1-page-129?lang=en&redirect-ssocas=7080
ER  -