Description: This is a panel discussion about savings and the economy. From Transactions of Society of Actuaries 1967, Vol. 19 Pt. 2, No. 55.

Description: This presentation at the 1968 Annual Meeting looks at the urban crisis, the problems of poverty in the inner city, and the positive responses of many insurance organizations.

Description: This is a discussion about utility theory. From Transactions of Society of Actuaries 1969, Vol. 21 Pt. 2, No. 59

Description: This paper will consider aspects of inflation as it affects the operations of the life insurance industry and the policyholder, and will review some of the approaches used, primarily by European companies, to meet the situation. Discussions of this paper are included.

Description: This paper describes an actuarial model that was developed to answer the question of whether employees are projected to get their money's worth out of participating in the Society Security system, determined by comparing the expected present value of benefits to projected value of taxes. This question is discussed with reference to 1. a single worker, 2. a married worker with a non working spouse and 3. a two-wage-earner family.

Description: This paper examines demographic and economic trends of the 1970's and suggests implications with regards to the life insurance industry. Some of the trends include changes in distribution of income, age, family size, inflation, population size, environmental instability and there is discussion of some of the underlying causes of these developments.

Description: This is a discussion forum covering 2 papers on economic trends and life insurance in 1953. Dr.Simon Kuznets presented a paper entitled Notes on Prospects of Economic Growth in the United States. His paper was directed to two main questions, a What are the prospects for the nation's future economic growth? b What is likely to be the long-term trend in the general price levels during the next two or three decades? The subject of Dr. Raymond W. Goldsmith's paper was The Supply of Savings and the Level of Interest RatesRetrospect and Outlook.

Description: Accurate forecasts of future health care expenditures for cohorts of elderly individuals can be especially difficult. Current techniques use average per capita costs, based on local experience, adjusted for the cohort's age, sex, institutionalization, and welfare status distribution. This paper presents a method to adjust such per capita cost estimates to reflect more accurately the likely health status of a particular cohort. The adjustment uses the cause-of-mortality profile in the local population, which is a readily available tabulation known to be highly correlated with a major proportion of total medical care expenditures for people beyond age 65. From Transactions of Society of Actuaries 1984, Vol. 36.

Description: This section features various book reviews: 'How to Cope with the Developing Financial Crisis' by Bladen, 'Policymaking for Social Security' by Derthick, '1979 Annual Report of the Board of Trustees of the Federal OASDI Trust Funds' by US Congress, 'Integration of Plans with Social Security and Funding' by Grubbs, 'Pension and Profit Sharing Plans - a Basic Guide' by Mamorsky, 'Joint Trust Pension Plans' by McGinn, 'Financing the Civil Service Retirement Systems...' by McGill, 'Pension Task Force Report on Public Employee Retirement Systems' by Committee on Education and Labor. Brief descriptions of additional readings are also included.

Description: This paper summarizes default experience on bonds from 1900 through 1987. Although the information is more extensive for publicly traded bonds, the paper includes some information on private placements, some of which is not otherwise available.