对长寿风险及其债券化的探讨

Discussion on Longevity Risks and Their Linked Bonds

本文首先运用Lee-Carter模型对我国人口死亡率和预期寿命进行预测;接着结合国外市场上的两种长寿债券化产品,讨论长寿风险债券化的相关要求;最后提出中国发展长寿债券的相关建议。

First, this paper applies Lee-Carter model to project the Chinese population mortality rates and life expectancy. Then, it discusses the relative requirements of longevity-risk-linked bonds based on the introduction of two longevity bond products in the foreign market. At last, some suggestions on the development of longevity bonds in China are put forward.