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Publication Detailed Description
Random Walk and Reserves Modeling in Studying Pensions Funds Sustainability
Document Title
EasyChair Preprint no. 11534
Year (definitive publication)
2023
Language
English
Country
United Kingdom
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Abstract
Random walk is a stochastic process classic example, used to study a set of phenomena and, particularly, as in this article, models of reserves evolution. Random walks also allow the construction of significant complex systems and are also used as an instrument of analysis, being used in the sense of giving a theoretical characteristic to other types of systems. Our goal is primarily to study reserves to see how to ensure that pension funds are sustainable. This classic approach to the pension funds study makes it possible to draw interesting conclusions about the problem of reserves.
Acknowledgements
This work is partially financed by national funds through FCT -
Fundação para a Ciência e Tecnologia, I.P., under the project FCT UIDB/04466/2020.
Furthermore, the author thanks the ISCTE-IUL and ISTAR-IUL, for their support.
Keywords
Pensions funds,random walks,reserves,Ruin
Fields of Science and Technology Classification
- Mathematics - Natural Sciences
- Economics and Business - Social Sciences
Funding Records
| Funding Reference | Funding Entity |
|---|---|
| FCT UIDB/04466/2020 | FCT-Fundação para a Ciência e Tecnologia, I.P. |
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