منابع مشابه
Perceived Equity of Salary Policies
Three systems for distributing yearly salary raises to faculty according to merit were studied to determine which system is judged to be most equitable. In the relative system, persons with equal ment receive equal percentage raises. In the absolute system, persons with equal ment receive equal raises In the adjustment system, persons who are equally underpaid receive equal raises In Experiment...
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Gender equity is easily supported in theory but harder to pursue in practice. In this article, the case of Zika travel policies is used to illustrate some glaring gaps related to gender, for both men and women, at both international and national levels. Zika travel policies have not considered new evidence on biological or social determinants of health, putting babies at risk of exposure. The a...
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In recent years, equity-linked certificates of deposit (ELCDs) have become widely available to investors as banks strive to remain competitive. Banks sell these instruments as having the safety of a traditional CD with potential market-like returns. However, valuing these instruments can be difficult because the terms vary and the returns depend upon future market conditions. This paper uses Mo...
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We consider an equity-linked contract whose payoff depends on the lifetime of policy holder and the stock price. We provide best strategy for an insurance company assuming the limited capital for the hedging.
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This paper analyses the relationship between the level of a return guarantee in an equity–linked pension scheme and the proportion of an investor’s contribution needed to finance this guarantee. Three types of schemes are considered: investment guarantee, contribution guarantee and participation surplus. The evaluation of each scheme involves pricing an Asian option, for which relatively tight ...
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ژورنال
عنوان ژورنال: Journal of the Institute of Actuaries
سال: 1958
ISSN: 0020-2681,2058-1009
DOI: 10.1017/s0020268100037628