An Equilibrium Strategy for Target Benefit Pension Plans with a Longevity Trend and Partial Information
This paper considers the problem of portfolio selection and adjustment for target benefit plans (TBP) with longevity trends and partial information. The longevity trends are modeled by a time-varying force function. The financial market consists of risk-free assets and stocks, in which the return ra...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2023-07-01
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| Series: | Axioms |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2075-1680/12/8/732 |