SciELO - Scientific Electronic Library Online

 
vol.13 número3¿Qué explica la relación positiva entre rentabilidad y concentración en las Casas de Bolsa de México?Valoración de emprendimientos: una perspectiva estratégica y conductual índice de autoresíndice de materiabúsqueda de artículos
Home Pagelista alfabética de revistas  

Servicios Personalizados

Revista

Articulo

Indicadores

Links relacionados

  • No hay artículos similaresSimilares en SciELO

Compartir


Revista mexicana de economía y finanzas

versión On-line ISSN 2448-6795versión impresa ISSN 1665-5346

Resumen

CRUZ-ARANDA, Fernando; CASTILLO RAMIREZ, Claudia Estrella  y  PEREZ FLORES, Citlalli. Financing of the Mexican pension system through longevity bonds. Rev. mex. econ. finanz [online]. 2018, vol.13, n.3, pp.387-417. ISSN 2448-6795.  https://doi.org/10.21919/remef.v13i3.303.

The objective of this work is to value and analyze the longevity bond that represents a long-term investment alternative to strengthen the pension funds of the Mexican population, that is, men and women who will reach 65 years of age. This presents an increase in life expectancy, risk of longevity, and a fall in the birth rate. Thus, the value of the zero-coupon bond is modeled through an equation that incorporates the estimated mortality rate at age x and time t, of each gender, with a projection of the mortality rate for 2040. The debt instrument is used to try and offset the probable losses that would be incurred by an insurance institution as consequence of the possible extension of the expected life of the insured and lower the probability of default of the corporate before them and providing them greater certainty; which contributes to this fund by providing access to the capital market and better social welfare to the retiree.

Palabras llave : C01; C13; C65; G12; G23; Pension system; population aging; longevity bond.

        · resumen en Español     · texto en Español     · Español ( pdf )