Description: In most countries in the developed world and also in a number of other countries, the population is aging. What impact will a changing demographic structure have, if any, on economic factors such as growth and inflation? This question is of vital importance to actuaries who use demographic and economic projections in the pricing and valuation of products, design of risk management solutions, and in opinions regarding the sustainability of social programs. This research report, funded by the Society of Actuaries (SOA), provides background on research in this area and offers insights that may be of use to practicing actuaries.

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.