Blake, David (contributor); Cairns, Andrew (contributor); … - 2008
rich elderly residents and hence benefit from
the taxes these residents pay (White, 2002).
Of all these institutions … – annuity providers and pension
funds – need to pay an appropriate risk premium to lay off the longevity risk they currently … hence establish the riskless term structure for longevity
risk as it does in the fixed-income and inflation-linked bond …