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Richard D. MacMinn

National Chengchi University

Professor/Senior Research Fellow

Taipei

Taiwan

The University of Texas

2317 Speedway

Austin, TX Texas 78712

United States

National Chengchi University (NCCU)

No. 64, Chih-Nan Road

Section 2

Wenshan, Taipei , 11623

Taiwan

  • National Chengchi University

  • The University of Texas

  • National Chengchi University (NCCU)

SCHOLARLY PAPERS

24

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5,194

TOTAL CITATIONS
Rank 20,958

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Top 20,958

in Total Papers Citations

60

Scholarly Papers (24)

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1.

Measuring Economic Capital: Value-at-Risk, Expected Shortfall and Copula Approach

Number of pages: 43 Posted: 13 May 2011
Jeungbo Shim, Seung-Hwan Lee and Richard D. MacMinn
Illinois Wesleyan University, Illinois Wesleyan University and The University of Texas
Downloads 667 (97,582)

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Economic Capital, Value-at-Risk, Grouped t Copula

2.

Longevity Risk and Capital Markets: The 2008-2009 Update

Number of pages: 7 Posted: 19 Mar 2009
David P. Blake, Anja De Waegenaere, Richard D. MacMinn and Theo Nijman
City, University of London, Tilburg University - Department of Econometrics & OR, Netspar, and CentER, The University of Texas and Tilburg University - Tilburg University School of Economics and Management
Downloads 564 (121,120)
Citation 10

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3.

Longevity Risk and Capital Markets: The 2013-14 Update

Downloads 407 (179,524)
Citation 13

Longevity Risk and Capital Markets: The 2013-14 Update

Pensions Institute Discussion Paper PI-1502
Number of pages: 29 Posted: 24 Mar 2016
Ken Seng Tan, David P. Blake and Richard D. MacMinn
University of Waterloo, City, University of London and The University of Texas
Downloads 243 (311,538)
Citation 9

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Longevity Risk and Capital Markets: The 2013-14 Update

Number of pages: 29 Posted: 11 Apr 2015
Ken Seng Tan, David P. Blake and Richard D. MacMinn
University of Waterloo, City, University of London and The University of Texas
Downloads 164 (456,066)
Citation 4

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4.

Longevity/Mortality Risk Modeling and Securities Pricing

McCombs Research Paper Series No. IROM-05-10
Number of pages: 32 Posted: 17 Aug 2010 Last Revised: 08 Oct 2010
Patrick L. Brockett, Richard D. MacMinn and Yinglu Deng
University of Texas at Austin - Department of Information, Risk and Operations Management, The University of Texas and Red McCombs School of Business
Downloads 352 (211,679)
Citation 10

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Longevity Risk, Mortality Risk, Securitization, Double Exponential Jump Diffussion Model, Lee-Carter Framework

5.

Mutual versus Stock Insurers: A Synthesis of the Theoretical and Empirical Research

Published in Journal of Insurance Issues, 2011, 34 (2): 101–111
Number of pages: 12 Posted: 26 Oct 2010 Last Revised: 18 Oct 2018
Richard D. MacMinn and Yayuan Ren
The University of Texas and Illinois State University
Downloads 340 (219,867)
Citation 1

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organizational form, adverse selection, moral hazard

6.

Longevity Risk and Capital Markets: The 2007-2008 Update

Number of pages: 6 Posted: 11 Feb 2009
Richard D. MacMinn, Jennifer L. Wang and David P. Blake
The University of Texas, National Chengchi University - Department of Risk Management and Insurance and City, University of London
Downloads 279 (272,209)
Citation 1

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7.

Pension Risk Management in the Enterprise Risk Management Framework

Journal of Risk and Insurance, Volume 84, pp. 345–365, 2017.
Number of pages: 51 Posted: 11 Mar 2016 Last Revised: 03 Apr 2018
Yijia Lin, Richard D. MacMinn, Ruilin Tian and Jifeng Yu
University of Nebraska at Lincoln - Department of Finance, The University of Texas, North Dakota State University - Department of Accounting, Finance, and Information Systems and University of Nebraska-Lincoln
Downloads 253 (301,349)
Citation 1

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defined benefit pension plan, enterprise risk management, conditional value-at-risk, pension de-risking

8.

Longevity Risk and Capital Markets: The 2015-16 Update

Pensions Institute, Working Paper No. 1704
Number of pages: 44 Posted: 26 Oct 2017
David P. Blake, Nicole El Karoui, Richard D. MacMinn and Stéphane Loisel
City, University of London, École Polytechnique, Paris - Centre de Mathematiques Appliquees, The University of Texas and University of Claude Bernard Lyon 1 - Institute of Finance and Insurance Science (ISFA)
Downloads 234 (326,127)
Citation 6

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9.

Notes on Stochastic Dominance

Downloads 227 (342,220)

Notes on Stochastic Dominance

Number of pages: 10 Posted: 22 Jul 2025 Last Revised: 05 Nov 2025
Richard D. MacMinn and Patrick L. Brockett
The University of Texas and University of Texas at Austin - Department of Information, Risk and Operations Management
Downloads 116 (620,578)

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stochastic dominance, mean preserving spread, skewness

Notes on Stochastic Dominance

Number of pages: 13 Posted: 11 Nov 2025
Patrick L. Brockett and Richard D. MacMinn
University of Texas at Austin - Department of Information, Risk and Operations Management and The University of Texas
Downloads 111 (653,927)

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10.

Distribution of Price and Quality under Information Asymmetry

KAIST College of Business Working Paper Series No. 2008-012
Number of pages: 32 Posted: 22 Aug 2008 Last Revised: 18 Mar 2021
Richard D. MacMinn and S. Hun Seog
The University of Texas and Seoul National University - Business School
Downloads 206 (369,861)

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search, information asymmetry, distribution of price and quality, insurance

11.

Directors, Directors and Officers Insurance and Corporate Governance

Published in Journal of Insurance Issues, 2012, 159-179
Number of pages: 18 Posted: 10 Dec 2010 Last Revised: 18 Oct 2018
Li-Ming Han, Richard D. MacMinn and Yayuan Ren
The Chinese University of Hong Kong (CUHK), Faculty of Business Administration, Department of Finance (Deceased), The University of Texas and Illinois State University
Downloads 200 (380,469)

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Directors, Directors and Officers Insurance, Corporate Governance

12.

Multi-Population Mortality Models: A Factor Copula Approach

Insurance: Mathematics and Economics, Forthcoming, Fox School of Business Research Paper No. 15-052
Number of pages: 42 Posted: 31 Dec 2014 Last Revised: 16 Dec 2016
Hua Chen, Richard D. MacMinn and Tao Sun
University of Hawaii at Manoa, The University of Texas and Independent
Downloads 196 (387,924)
Citation 11

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Multi-population mortality model, factor copulas, maximum entropy principle, mortality/longevity risk pricing and hedging

13.

Jensen and Meckling Notes: Reframing the agency cost model

Number of pages: 10 Posted: 25 Feb 2025
Richard D. MacMinn
The University of Texas
Downloads 188 (407,391)

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14.

Longevity Risks and Capital Markets: The 2010-2011 Update

Pension Institute Discussion Paper No. PI-1113
Number of pages: 14 Posted: 01 Dec 2011 Last Revised: 24 Jun 2020
David P. Blake, Christophe Courbage, Richard D. MacMinn and Michael Sherris
City, University of London, Haute Ecole de Gestion de Genève - University of Applied Sciences Western Switzerland (HES-SO), The University of Texas and UNSW Business School
Downloads 158 (472,207)
Citation 1

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15.

De-Risking Defined Benefit Plans

Insurance: Mathematics and Economics, Vol. 63, pp. 52-65, 2015
Number of pages: 45 Posted: 20 Feb 2015 Last Revised: 25 Jan 2016
Yijia Lin, Richard D. MacMinn and Ruilin Tian
University of Nebraska at Lincoln - Department of Finance, The University of Texas and North Dakota State University - Department of Accounting, Finance, and Information Systems
Downloads 157 (474,889)
Citation 2

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defined benefit pension plan, longevity hedge, buy-in, buy-out

16.

On the Meyer-Ormiston Theorem

Number of pages: 6 Posted: 16 Jan 2011
soonkoo hong and Richard D. MacMinn
Seoul National University of Technology and The University of Texas
Downloads 136 (537,489)

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Deductible Insurance, Second Order Condition, Fair Premium

17.

The Life Annuity Puzzles?

Number of pages: 31 Posted: 04 Oct 2023
Richard D. MacMinn and Yayuan Ren
The University of Texas and Illinois State University
Downloads 134 (544,251)

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Annuity puzzle, Life insurance, Bequest, Arbitrage

18.

Do Pension Buyouts Help or Hurt Employees (Retirees)?

Journal of Risk and Insurance, Vol. 90, No. 3, pp. 667-702, 2023
Number of pages: 38 Posted: 05 Dec 2022 Last Revised: 26 Dec 2023
Yijia Lin, Richard D. MacMinn and Tianxiang Shi
University of Nebraska at Lincoln - Department of Finance, The University of Texas and Temple University - Department of Risk, Actuarial Science, and Legal Studies
Downloads 119 (600,462)

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defined benefit pension plan, pension default, plan participants, pension buyout

19.

Longevity Risk and Hedging Solutions

In Georges Dionne (Ed.), Handbook of Insurance, second edition, Springer, New York, 2013
Number of pages: 48 Posted: 26 Nov 2020
Guy Coughlan, David P. Blake, Richard D. MacMinn, Andrew J. G. Cairns and Kevin Dowd
Pacific Global Advisors, City, University of London, The University of Texas, Heriot-Watt University - Department of Actuarial Science & Statistics and Durham Business School
Downloads 110 (645,052)
Citation 1

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20.

Mortality Dependence and Longevity Bond Pricing: A Dynamic Factor Copula Mortality Model with the GAS Structure

Journal of Risk and Insurance, 84: 393-415, 2017
Number of pages: 24 Posted: 06 Feb 2017 Last Revised: 07 Jun 2017
Hua Chen, Richard D. MacMinn and Tao Sun
University of Hawaii at Manoa, The University of Texas and Lingnan University
Downloads 108 (649,907)
Citation 3

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Multi-population mortality model, factor copulas, generalized autoregressive score models, the Kortis bond

21.

Buy-ins, Buy-outs, Longevity Bonds, and the Creation of Value

Journal of Demographic Economics, 89(3), 329-347, 2023.
Number of pages: 16 Posted: 05 Dec 2022 Last Revised: 23 Feb 2026
Richard D. MacMinn, Yijia Lin and Tianxiang Shi
The University of Texas, University of Nebraska at Lincoln - Department of Finance and Temple University - Department of Risk, Actuarial Science, and Legal Studies
Downloads 70 (875,328)

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Buy-ins, Buy-outs, Longevity Bonds, Firm Value

22.

Duration Notes

Number of pages: 10 Posted: 26 Feb 2025
Richard D. MacMinn
The University of Texas
Downloads 49 (1,074,648)

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23.

On the Risk-Shifting Problem and Convertible Bonds

Number of pages: 21 Posted: 12 Feb 2025
Richard D. MacMinn
The University of Texas
Downloads 40 (1,183,237)

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24.

The Securitization of Longevity Risk and Its Implications for Retirement Security

Published in Maurer, R., O. Mitchell, and P. Hammond (Eds.) (2014). Recreating Sustainable Retirement: Resilience, Solvency, and Tail Risk. Oxford, UK: Oxford University Press., Pension Research Council Working Paper No. 2013-22
Posted: 19 Apr 2014 Last Revised: 03 Apr 2020
Richard D. MacMinn, Patrick L. Brockett, Jennifer L. Wang, Yijia Lin and Ruilin Tian
The University of Texas, University of Texas at Austin - Department of Information, Risk and Operations Management, National Chengchi University - Department of Risk Management and Insurance, University of Nebraska at Lincoln - Department of Finance and North Dakota State University - Department of Accounting, Finance, and Information Systems

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Longevity Risk, Retirement, Securitization, Buy-Out, Longevity Swap