Risk Management of Pension Fund: A Model for Salary Evolution
In this paper, we propose a semi-Markov chain to model the salary levels of participants in<br />a pension scheme. The aim of the models is to understand the evolution in time of the salary of active<br />workers in order to implement it in the construction of the actuarial technical bal...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2019-08-01
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| Series: | International Journal of Financial Studies |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2227-7072/7/3/44 |