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Methodological Approach of a Multiple State Actuarial Model for the Married - Widower case for the assessment of retirement and widowhood pensions

Author

Listed:
  • Estefanía Alaminos

    (Department of Econometrics, Riskcenter-IREA, Universitat de Barcelona)

  • Mercedes Ayuso

    (Department of Econometrics, Riskcenter-IREA, Universitat de Barcelona)

Abstract
In this document we present the methodological approach for a Multiple State Actuarial Model in the marital status context. We obtain transition probabilities between married – widower statuses for an individual aged x. Such probabilities are used in the assessment of the expected value for payments related to concurrence of pensions for people aged over 64.

Suggested Citation

  • Estefanía Alaminos & Mercedes Ayuso, 2015. "Methodological Approach of a Multiple State Actuarial Model for the Married - Widower case for the assessment of retirement and widowhood pensions," Working Papers 2015-04, Universitat de Barcelona, UB Riskcenter.
    • Handle: RePEc:bak:wpaper:201504
    as

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    File URL: http://www.ub.edu/rfa/research/WP/UBriskcenterWP201504.pdf
    File Function: First version, 2015
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Marital Status; transition probabilities; Markov Chains; expected individual cost; pensions.;
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