Open Access
Issue
Wuhan Univ. J. Nat. Sci.
Volume 30, Number 6, December 2025
Page(s) 558 - 566
DOI https://doi.org/10.1051/wujns/2025306558
Published online 09 January 2026
  1. Gollier C. Intergenerational risk-sharing and risk-taking of a pension fund[J]. Journal of Public Economics, 2008, 92(5/6): 1463-1485. [Google Scholar]
  2. Cui J J, Jong F D, Ponds E. Intergenerational risk sharing within funded pension schemes[J]. Journal of Pension Economics and Finance, 2011, 10(1): 1-29. [Google Scholar]
  3. Favero C A, Gozluklu A E, Tamoni A. Demographic trends, the dividend-price ratio, and the predictability of long-run stock market returns[J]. Journal of Financial and Quantitative Analysis, 2011, 46(5): 1493-1520. [Google Scholar]
  4. Maurer T A. Asset pricing implications of demographic change[EB/OL]. [2024-03-10]. https://doi.org/10.2139/ssrn.1836483. [Google Scholar]
  5. Dacorogna M M, Cadena M. Exploring the dependence between mortality and market risks[EB/OL]. [2024-03-10]. https://doi.org/10.2139/ssrn.2730520. [Google Scholar]
  6. Nicolini E A. Mortality, interest rates, investment, and agricultural production in 18th century England[J]. Explorations in Economic History, 2004, 41(2): 130-155. [Google Scholar]
  7. Miltersen K R , Persson S A .Is mortality dead? Stochastic forward force of mortality determined by no arbitrage[EB/OL]. [2024-03-10]. http://www.mathematik.uni-ulm.de/carfi/vortraege/downloads/DeadMort.pdf. [Google Scholar]
  8. Liu X M, Mamon R, Gao H. A generalized pricing framework addressing correlated mortality and interest risks: A change of probability measure approach[J]. Stochastics, 2014, 86(4): 594-608. [Google Scholar]
  9. Wang S X, Lu Y, Sanders B. Optimal investment strategies and intergenerational risk sharing for target benefit pension plans[J]. Insurance: Mathematics and Economics, 2018, 80: 1-14. [Google Scholar]
  10. Kaas R, Albrecher H, Goovaerts M J, et al. Pricing guaranteed annuity options in a linear-rational Wishart mortality model[J]. Insurance: Mathematics and Economics, 2024, 115: 122-131. [Google Scholar]
  11. Yong J, Zhou X Y. Stochastic Controls: Hamiltonian Systems and HJB Equations[M]. Berlin: Springer-Verlag, 1999. [Google Scholar]
  12. Vigna E, Haberman S. Optimal investment strategy for defined contribution pension schemes[J]. Insurance: Mathematics and Economics, 2001, 28(2): 233-262. [CrossRef] [MathSciNet] [Google Scholar]
  13. Staveley-O'Carroll J, Staveley-O'Carroll O M. International risk sharing in overlapping generations models[J]. Economics Letters, 2019, 174: 157-160. [Google Scholar]
  14. Jing Z, Chu W Y, Wu J J. Optimal investment strategy of target benefit pension plan based on random inflation and intergenerational risk[J]. Wuhan University Journal of Natural Sciences, 2021, 26(5): 383-393. [Google Scholar]
  15. Bru M F. Wishart processes[J]. Journal of Theoretical Probability, 1991, 4(4): 725-751. [Google Scholar]
  16. Deelstra G, Grasselli M, Weverberg C V. The role of the dependence between mortality and interest rates when pricing guaranteed annuity options[J]. Insurance: Mathematics and Economics, 2016, 71: 205-219. [Google Scholar]

Current usage metrics show cumulative count of Article Views (full-text article views including HTML views, PDF and ePub downloads, according to the available data) and Abstracts Views on Vision4Press platform.

Data correspond to usage on the plateform after 2015. The current usage metrics is available 48-96 hours after online publication and is updated daily on week days.

Initial download of the metrics may take a while.