Description: The purpose of this document is to provide information regarding the specifications of the model to be produced in connection with the project, Population Aging, Implications for Asset Values, and Impact for Pension Plans: An International Study. The authors are seeking input from actuaries and others interested in this work.

Description: The SOA is pleased to make available a report updating the 2012 risk assessment performed by Porteous et al. The report also provided an economic capital analysis for a stylized US plan with the same member profile and the USS provisions modified to reflect a typical US DB plan.

Description: Examines the link between population structure and asset values by generating returns on assets in the presence of demographic change using an OLG Model.

Description: A comprehensive literature review on demographics and asset returns plus model specifications relating to housing prices.

Description: A comprehensive literature review summarizing academic and other papers that draw a connection between population structure and asset class returns (or prices).

Description: A report providing a high-level review of the literature that addresses the relationship between bond prices/yields and demographic variables, a deep dive into one of the papers, and empirical analysis starting with the methodology of that paper and extending to the stability of the relationship over time, to longer-dated bonds, and to the sovereign bonds of various countries

Description: In this paper the researchers analyze pension plans for three countries (Canada, the UK, and the US) using an ESG that includes a demographic ratio that has been defined consistently for all countries. In that regard the paper extends the literature and opens areas for future research.