Market valuation of pension liabilities
This dissertation analyses the market-consistent valuation of liabilities for de¯ned-bene¯t pensions in payment. Models from the actuarial and ¯nan- cial economics literature for valuation of in°ation options embedded in typical liabilities in the South African market are considered. The feasibil...
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| Format: | Others |
| Language: | en |
| Published: |
2011
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| Online Access: | http://hdl.handle.net/10539/9152 |