The Geneva Papers on Risk and Insurance Issues and Practice

TABLE 1

FROM:

The Impact of Occupation and Gender on Pensions from Defined Contribution Plans

David Blake, Andrew Cairns and Kevin Dowd

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Table 1. Male career and salary profiles: parameters and key features

Occupation k 1 k 2 Relative career average salary Peak salary age
All-0.25200.65571.12644.10
     
Manual-0.21710.50951.10943.83
Non-manual0.04340.49760.97847.25
     
Managerial0.09220.38100.95448.28
Professional0.11760.30290.94149.25
Clerical-0.11830.33481.05944.31
Technical-0.18080.42401.09043.82
Craft-0.20670.55571.10344.19
Personal-0.44790.71801.22442.51
Sales-0.13750.53961.06944.97
Plant operatives-0.09440.33631.04744.80
Others-0.17070.39131.08543.76

  Note: k 1 and k 2 are the slope and curvature parameters of the CSP and are explained in detail in Appendix B.

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