Description: This paper develops and discusses various relations between the Uniform Death Distribution and the Balducci curve. From ACTUARIAL RESEARCH CLEARING HOUSE 1980, VOL. 2.

Description: This is the abstract of the paper 'A Stochastic Definition of Future Shares'. The traditional definition of actuarial future values and stochastic definition of Ramsay are discussed. A modification of Ramsay's definition is proposed and an application to life insurance reserves is presented.

Description: Discusses notation deficiencies.

Description: This article summarizes a proposal which combines two independent but complimentary ideas regarding loans for post-secondary education in the U.S.: 1. Individuals repay the loans by committing a percentage of their future income for twenty-five years [but not beyond age 65] rather than by a fixed dollar amount, and 2. A portion of the 5ocial 5ecurity [OASDI] Trust Funds be used as initial capital to finance those loans. From Actuarial Research Clearing House 1991, Vol. 1.

Description: In this paper procedures are considered which should enhance our understanding with regard to the assessment whether the level of mortality has changed significantly. From the Actuarial Research Clearing House 1979 Vol.2.

Description: ARCH Research Clearing House 1999.1 Table of Contents

Description: Actuarial Research Clearing House 1996.2 -- Table of Contents

Description: This paper argues that the self-financing axiom with mild assumptions on the conditional expected returns yields a market with an eventual arbitrage. This is accomplished by minimizing the conditional variance of a trade when the conditional expectation is a fixed constant. Examples with common processes shows that most models yield an eventual arbitrage. As a final application, a cost model is applied to prices of stripped coupon and principal payments on U.S. government bonds, where rates of return are estimated and lower bounds on market costs given.

Description: Table of Contents