La pensión de cuidado a largo plazo vía factor de conversión basado en tarifas de mortalidad diferentesmás dinero a más edad
- J. Iñaki de la Peña
- María Cristina Fernández Ramos
- Noemí Peña Miguel
ISSN: 0378-1844
Year of publication: 2018
Volume: 43
Issue: 1
Pages: 9-16
Type: Article
More publications in: Interciencia: Revista de ciencia y tecnología de América
Abstract
This paper proposes a system for the automatic adjustment of pension benefits taking into account the mortality risk of the dependency level of the beneficiary. To that end, a simplified multi-state Markov chain model is included and the probability of death is estimated based on the experience of excess mortality rates. Thus, pension benefits increase in the new state as the cost of care increases. The paper does not seek to give a solution for severe or highly-dependent beneficiaries, but tries to make social sense of the benefit received and adapt it to their life expectancy: they receive more when they most need it. The development of the factor is applied to the Spanish mortality experience (PEM/F2000)