Recreating Sustainable Retirement -

Recreating Sustainable Retirement

Resilience, Solvency, and Tail Risk
Buch | Hardcover
334 Seiten
2014
Oxford University Press (Verlag)
978-0-19-871924-3 (ISBN)
137,15 inkl. MwSt
This volume offers an in-depth analysis of the threats to private and public pensions around the world including capital market shocks, surprises to longevity, regulatory/political risk, and errors in modelling. By examining how to manage such risks, this book has important implications for pension designers, fiduciaries, and policy makers.
The financial crisis and the ensuing Great Recession alerted those seeking to protect old-age security, about the extreme risks confronting the financial and political institutions comprising our retirement system.

The workforce of today and tomorrow must count on longer lives and deferred retirement, while at the same time it is taking on increased responsibility for managing retirement risk. This volume explores new ways to think about, manage, and finance longevity risk, capital market risk, model risk, and regulatory risk.

This volume offers an in-depth analysis of the 'black swans' that threaten private and public pensions around the world. Capital market shocks, surprises to longevity, regulatory/political risk, and errors in modelling, will all have profound consequences for stakeholders ranging from pension plan participants, plan sponsors, policymakers, and those who seek to make retirement more resistant. This book analyzes such challenges to retirement sustainability, and it explores ways to better manage and finance them. Insights provided help build retirement systems capable of withstanding what the future will bring.

Olivia S. Mitchell is International Foundation of Employee Benefit Plans Professor of Insurance/Risk Management, Professor of Business Economics/Public Policy, Executive Director of the Pension Research Council, and Director of the Boettner Center for Pensions and Retirement Research at the Wharton School. Concurrently Dr. Mitchell is a Research Associate at the National Bureau of Economic Research and a Co-Investigator for the Health and Retirement Study at the University of Michigan. Her main areas of research and teaching are pensions, insurance and risk management, public finance, and labor markets, with an international focus. She received her B.A. in Economics from Harvard University and her M.A. and Ph.D. degrees in Economics from the University of Wisconsin-Madison. Raimond Maurer holds the endowed Chair of Investment, Portfolio Management, and Pension Finance in the Finance Department at the Goethe University of Frankfurt. His research focuses on asset management, life-time portfolio choice, and pension finance. He serves in professional capacities for the Society of Actuaries, the Association of Certified International Investment Analysts, and the Advisory Board of the Wharton School's Pension Research Council. He received his habilitation, his Ph.D., and his Diploma in business from Mannheim University. P. Brett Hammond, is the Managing Director and Head of Index Applied Research at MSCI Inc.

CAPITAL MARKET AND MODEL RISK ; LONGEVITY RISK ; REGULATORY AND POLITICAL RISK ; IMPLICATIONS FOR PLAN SPONSORS

Erscheint lt. Verlag 10.11.2014
Reihe/Serie Pension Research Council Series
Verlagsort Oxford
Sprache englisch
Maße 162 x 235 mm
Gewicht 632 g
Themenwelt Wirtschaft Betriebswirtschaft / Management Finanzierung
Wirtschaft Betriebswirtschaft / Management Personalwesen
Wirtschaft Volkswirtschaftslehre Finanzwissenschaft
ISBN-10 0-19-871924-8 / 0198719248
ISBN-13 978-0-19-871924-3 / 9780198719243
Zustand Neuware
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