Recently added articles from North American Actuarial Journal:
EDITORIAL
Oct 01, 2008; ... It is an honor to take over the editorship of the North American Actuarial Journal from Harry Panjer. The NAAJ has proved to be an important journal in its relatively young life. A time of transition offers a good opportunity to review the mission and vision of the NAAJ. The first editor ...
NEGATIVE EFFECTS OF THE CANADIAN GIS CLAWBACK AND POSSIBLE MITIGATING ALTERNATIVES
Oct 01, 2008; ... ABSTRACT In Canada there are three main sources of government-provided retirement income: the Canada/Quebec Pension Plans (C/QPP), which have benefits and contributions based on earnings up to the Yearly Maximum Pensionable Earnings; Old Age Security (OAS), which is a fixed amount for ...
INTERGENERATIONAL TRANSFERS AND INSURANCE POLICY DESIGN
Jul 01, 2008; ... ABSTRACT Group health insurance policies offering an identical benefit package to every member of the group result in lower expected health benefits for younger cohorts than older cohorts. The dispersion in insurance benefits across age groups differs among insurance policies. Simulation ...
Pioneers of Financial Economics. Volume 2: Twentieth-Century Contributions
Jul 01, 2008; ... Pioneers of Financial Economics. Volume 2: Twentieth-Century Contributions Edited by Geoffrey Poitras with Franck Jovanovic Edward Elgar Publishing, $130 ISBN-13: 978-1845423827 The second of two books on pioneers of financial economics, this volume is a collection of essays, in 13 ...
THE PRICING OF CREDIT DEFAULT SWAPS UNDER A MARKOV-MODULATED MERTON'S STRUCTURAL MODEL
Jan 01, 2008; ... ABSTRACT We consider the valuation of credit default swaps (CDSs) under an extended version of Merton's structural model for a firm's corporate liabilities. In particular, the interest rate process of a money market account, the appreciation rate, and the volatility of the firm's value ...