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http://dx.doi.org/10.5351/KJAS.2015.28.4.621

Estimating the Benefit-Cost Ratios by Applying Life-Expectancies of National Pension Old-Age Pensioners  

Choi, Jang Hoon (National Pension Research Institute)
Publication Information
The Korean Journal of Applied Statistics / v.28, no.4, 2015 , pp. 621-641 More about this Journal
Abstract
Benefit-cost ratios are estimated using life-expectancies of the national pension old-age pensioners in Korea and a compared to whole nation. To obtain the ratios, future mortalities are estimated by multiplying the ratios of experienced mortalities for old-age pensioners to those of the whole nation and the future mortalities of the whole nation projected on an expanded CBD model. The results indicate that the life expectancies of old-age pensioners are longer than the whole nation that lead to higher benefit-cost ratios for old-age pensioners.
Keywords
expanded CBD model; old-age pensioners; life expectancy; benefit-cost ratio;
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