Articles in "Insurance and Pensions"

UK state pension reform in a public choice framework

Social security systems for old age have been explicitly studied in a public choice framework for over 30 years. They illustrate extremely well the problems of allocating economic resources through a system of voting.

This paper examines the incentives facing voters to expand state pension provision and the possibilities of reducing state pension provision by increasing state pension age. As such it is of great relevance for the study of policy in ageing societies where implicit pension liabilities are increasing and will prove difficult to reduce.

Updated: 19/01/2012
Comments:
Views: 484

Optimal capital allocation principles

This paper develops a unifying framework for allocating the aggregate capital of a financial firm to its business units.

Updated: 17/01/2012
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Views: 1,978

Research into long term care for the elderly

Rickayzen and Walsh (2002), built a multiple state model which can be used to project the number of disabled people in the UK over the next 35 years. By focusing on the population who are over age 65 and projected to have severe disabilities, we are able to estimate the future long term care (LTC) demand over the next three decades.

Updated: 19/10/2011
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Views: 1,161

What is wrong with the chain ladder technique(?)

The title is both a statement and a question, and in the talk you will find a list of things that are wrong with the chain ladder technique but also a question asking whether it is so bad after all.

Updated: 22/09/2011
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Views: 2,226

Probabilistic expert systems for handling artifacts in complex DNA mixtures

This paper presents a probabilistic framework for taking account of common artifacts (specifically, allelic dropout, stutter bands and silent alleles) that can cause problems in analysing DNA samples when they occur.

Updated: 22/09/2011
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Views: 533

Validation of an STR peak area model

In analyzing a DNA mixture sample, the measured peak areas of alleles of STR markers amplified using the polymerase chain-reaction (PCR) technique provide valuable information concerning the relative amounts of DNA originating from each contributor to the mixture.

Updated: 22/09/2011
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Views: 1,027

Efficient maximum likelihood pedigree reconstruction

A simple and efficient algorithm is presented for finding a maximum likelihood pedigree using microsatellite (STR) genotype information on a complete sample of related individuals.

Updated: 22/09/2011
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Views: 756

Spend more today: using behavioural economics to improve retirement expenditure decisions

Author(s):

David Blake

 et al.

This paper examines how behavioural economics can be used to improve the expenditure decisions of retirees.

Updated: 22/09/2011
Comments:
Views: 1,071

Longevity hedging: a framework for longevity basis risk analysis and hedge effectiveness

Author(s):

Guy Coughlan

 et al.

Basis risk is an important consideration when hedging longevity risk with instruments based on longevity indices, since the longevity experience of the hedged exposure may differ from that of the index.

Updated: 22/09/2011
Comments:
Views: 1,430