Application of matrix methods to pension funds

J. H. Pollard*, M. Sherris

*Corresponding author for this work

Research output: Contribution to journalArticle

2 Citations (Scopus)

Abstract

The mature pension fund, projected by computer, usually grows exponentially with time. Furthermore, the important characteristics of the mature fund (e.g. age structure and relative salary levels, contributions and benefits) tend to be stable. Matrix analysis allows us to predict the form of stability and the rate of exponential growth. The theoretical results in this paper are probably of limited practical value. However, they do provide rigorous explanations for empirical results observed by members of the profession using projection techniques.

Original languageEnglish
Pages (from-to)77-95
Number of pages19
JournalScandinavian Actuarial Journal
Volume1980
Issue number2
DOIs
Publication statusPublished - 1980

Fingerprint Dive into the research topics of 'Application of matrix methods to pension funds'. Together they form a unique fingerprint.

Cite this