The slow launch of longevity bonds ultimately reflects a fundamental question: can we genuinely reduce the impact of longevity risk? If everyone is affected by longevity risk in the same way, then no matter what the price of a longevity bond, everyone should logically want to be on the same side of the contracts – all buyers at one price, all issuers at another.
长寿债券的缓慢启动从根本反映了一个重要问题：我们真能减小长寿风险的影响吗？如果每个人都以同样的方式受到长寿风险的影响，那么不管长寿债券是什么价格，从逻辑上来说，每个人都希望成为合同的同一方——所有的购买者一个价格，而发行者另一个价格。没有区别就意味着没有市场。