
Recreating Sustainable Retirement
Resilience, Solvency, and Tail Risk
Oxford University Press
Published on 16. October 2014
Book
Hardback
334 pages
978-0-19-871924-3 (ISBN)
Description
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.
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.
More details
Series
Language
English
Place of publication
Oxford
United Kingdom
Target group
College/higher education
Professional and scholarly
Dimensions
Height: 235 mm
Width: 162 mm
Thickness: 23 mm
Weight
632 gr
ISBN-13
978-0-19-871924-3 (9780198719243)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions

Olivia S. Mitchell | Raimond Maurer | P. Brett Hammond
Recreating Sustainable Retirement
Resilience, Solvency, and Tail Risk
E-Book
10/2014
1st Edition
OUP eBook
€93.49
Available for download
Persons
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.
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.
Editor
International Foundation of Employee Benefit Plans Professor of Business Economics/Public Policy and Insurance/Risk Management, Director of the Boettner Center for Pensions and Retirement Research, and Executive Director of the Pension Research CouncilInternational Foundation of Employee Benefit Plans Professor of Business Economics/Public Policy and Insurance/Risk Management, Director of the Boettner Center for Pensions and Retirement Research, and Executive Director of the Pension Research Council, Wharton School
Chair of Investment, Portfolio Management, and Pension Finance in the Faculty of Economics and Business AdministrationChair of Investment, Portfolio Management, and Pension Finance in the Faculty of Economics and Business Administration, Goethe University of Frankfurt
Managing Director and Head of Index Applied ResearchManaging Director and Head of Index Applied Research, MSCI Inc
Content
CAPITAL MARKET AND MODEL RISK ; LONGEVITY RISK ; REGULATORY AND POLITICAL RISK ; IMPLICATIONS FOR PLAN SPONSORS