A Class of Non-Stationary Reward Processes with Applications to Pension Accumulation

DOI10.1080/03461238.1993.10413914MaRDI QIDQ3142175zbMATH OpenOpenAlexFDO

Authors Izzet Sahin

Publication date 5 April 1994

Published in Scandinavian Actuarial Journal (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1080/03461238.1993.10413914

zbMATH Keywords

distributionsmomentsnonstationary generalizations of renewal reward processessojourn time problemsU.S. private pension systemwork life pension benefits

Mathematics Subject Classification ID

Markov renewal processes, semi-Markov processes (60K15) Applications of Markov renewal processes (reliability, queueing networks, etc.) (60K20) Applications of statistics to actuarial sciences and financial mathematics (62P05)

Recommendations

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Cites work

• A stochastic theory of pension dynamics
• Calculation of the cost of warranty policies as a function of estimated life distributions
• Cumulative constrained sojourn times in semi-Markov processes with an application to pensionable service
• scientific article; zbMATH DE number 3223982 (Why is no real title available?)

Cited in

(5)

• A Stochastic Model for Pensionable Service
• A realistic non-homogeneous stochastic pension fund model on scenario basis
• Pension expectations as disincentives to job mobility
• The persistent-transitory representation for earnings processes
• Transient results for a high demand CCRC model

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