The lifecycle approach is the workhorse to model saving decisions of individuals. It conjectures individuals preferring a constant consumption stream across their lifecycle saving till retirement and dis-saving thereafter. The reality is often at odd with this assumption giving rise to our...

The lifecycle approach is the workhorse to model saving decisions of individuals. It conjectures individuals preferring a constant consumption stream across their lifecycle saving till retirement and dis-saving thereafter. The reality is often at odd with this assumption giving rise to our...

The lifecycle approach is the workhorse to model saving decisions of individuals. It conjectures individuals preferring a constant consumption stream across their lifecycle saving till retirement and dis-saving thereafter. The reality is often at odd with this assumption giving rise to our...

In this document we present the methodological approach for a Multiple State Actuarial Model in the marital status context. We obtain transition probabilities between married – widower statuses for an individual aged x. Such probabilities are used in the assessment of the expected value for...

Demographic changes and social transformations affect the design of public pension systems. Population ageing and factors such as the progressive reduction in fertility rates and the increase in longevity have a direct impact on the sustainability of public pensions, especially in...

Der Beitrag versucht anhand der Agentur- sowie der Stewardship-Theorie ein Rahmenmodell zur Erklärung wirtschaftskriminellen Verhaltens zu erarbeiten. Zu diesem Zweck wird neben einer Systematisierung der primären Interessenträger einer wirtschaftskriminellen Tat auch ein Überblick über...