Title :
Notice of Retraction
Using Longevity Bonds to Manage Risks
Author_Institution :
Hubei Province Coal Investment & Developing Co., Ltd., Wuhan Univ., Wuhan, China
Abstract :
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
This paper will firstly study the main characteristics of longevity bonds (LBs) and show that they can take a large variety of forms, which can vary enormously in their sensitivities to longevity shocks. Then we discuss how LBs can be used as a risk management tool for hedging longevity risk. Finally, we analyze different ways to engineer LBs and consider problems arising from the dearth of ultra-long government bonds and the choice of the reference population index.
Keywords :
financial management; investment; risk management; longevity bonds; longevity risk; longevity shocks; risk management tool; Aging; Companies; Electric shock; Engineering management; Government; Instruments; Pensions; Risk management; Uncertainty;
Conference_Titel :
Management and Service Science, 2009. MASS '09. International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-4638-4
DOI :
10.1109/ICMSS.2009.5301191
