Essays about: "Bei Dong"

Found 1 essay containing the words Bei Dong.

  1. 1. Chinese Basic Pension Substitution Rate: A Monte Carlo Demonstration of the Individual Account Model

    University essay from Statistik

    Author : Bei Dong; Ling Zhang; Xuan Lu; [2008]
    Keywords : Individual Account; Substitution Rate; Basic Pension System; Gibbs Sampling; MCMC.;

    Abstract : At the end of 2005, the State Council of China passed ”The Decision on adjusting the Individual Account of Basic Pension System”, which adjusted the individual account in the 1997 basic pension system. In this essay, we will analyze the adjustment above, and use Life Annuity Actuarial Theory to establish the basic pension substitution rate model. READ MORE