Savings operations over random periods

Due to the ageing of the population, public pension plans are increasingly being implemented by private savings schemes. This therefore gives rise to a wide range of innovative schemes to meet the varying needs of savers and financial institutions. Therefore, the aim of this paper is to propose a sa...

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Autores principales:	María del Carmen Valls Martínez, Salvador Cruz Rambaud, Emilio Abad Segura
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2018
Materias:	pension plans savings operations profitability savings quota risk quota probability of survival Business HF5001-6182 Management. Industrial management HD28-70
Acceso en línea:	https://doaj.org/article/617abac3f80a4702bde7ea3f27790eb3
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id	oai:doaj.org-article:617abac3f80a4702bde7ea3f27790eb3
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spelling	oai:doaj.org-article:617abac3f80a4702bde7ea3f27790eb32021-12-02T14:07:32ZSavings operations over random periods2331-197510.1080/23311975.2018.1515572https://doaj.org/article/617abac3f80a4702bde7ea3f27790eb32018-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2018.1515572https://doaj.org/toc/2331-1975Due to the ageing of the population, public pension plans are increasingly being implemented by private savings schemes. This therefore gives rise to a wide range of innovative schemes to meet the varying needs of savers and financial institutions. Therefore, the aim of this paper is to propose a savings operation which includes the randomness derived from the contingency which supposes the eventual but unpredictable death of the saver. We have developed this type of operation by applying a financial-actuarial methodology and thereby deducing a way of calculating all amounts resulting from the savings operation, and introducing a new quantity derived from this randomness, namely the risk quota. Similarly, we have indicated how to calculate different measures of (gross and net) profitability, in random terms and the part corresponding to this randomness.María del Carmen Valls MartínezSalvador Cruz RambaudEmilio Abad SeguraTaylor & Francis Grouparticlepension planssavings operationsprofitabilitysavings quotarisk quotaprobability of survivalBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 5, Iss 1 (2018)
institution	DOAJ
collection	DOAJ
language	EN
topic	pension plans savings operations profitability savings quota risk quota probability of survival Business HF5001-6182 Management. Industrial management HD28-70
spellingShingle	pension plans savings operations profitability savings quota risk quota probability of survival Business HF5001-6182 Management. Industrial management HD28-70 María del Carmen Valls Martínez Salvador Cruz Rambaud Emilio Abad Segura Savings operations over random periods
description	Due to the ageing of the population, public pension plans are increasingly being implemented by private savings schemes. This therefore gives rise to a wide range of innovative schemes to meet the varying needs of savers and financial institutions. Therefore, the aim of this paper is to propose a savings operation which includes the randomness derived from the contingency which supposes the eventual but unpredictable death of the saver. We have developed this type of operation by applying a financial-actuarial methodology and thereby deducing a way of calculating all amounts resulting from the savings operation, and introducing a new quantity derived from this randomness, namely the risk quota. Similarly, we have indicated how to calculate different measures of (gross and net) profitability, in random terms and the part corresponding to this randomness.
format	article
author	María del Carmen Valls Martínez Salvador Cruz Rambaud Emilio Abad Segura
author_facet	María del Carmen Valls Martínez Salvador Cruz Rambaud Emilio Abad Segura
author_sort	María del Carmen Valls Martínez
title	Savings operations over random periods
title_short	Savings operations over random periods
title_full	Savings operations over random periods
title_fullStr	Savings operations over random periods
title_full_unstemmed	Savings operations over random periods
title_sort	savings operations over random periods
publisher	Taylor & Francis Group
publishDate	2018
url	https://doaj.org/article/617abac3f80a4702bde7ea3f27790eb3
work_keys_str_mv	AT mariadelcarmenvallsmartinez savingsoperationsoverrandomperiods AT salvadorcruzrambaud savingsoperationsoverrandomperiods AT emilioabadsegura savingsoperationsoverrandomperiods
_version_	1718391965870981120

Savings operations over random periods

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