BN.com Gift Guide

Reorienting Retirement Risk Management

Hardcover (Print)
Buy New
Buy New from BN.com
$74.80
Used and New from Other Sellers
Used and New from Other Sellers
from $13.22
Usually ships in 1-2 business days
(Save 84%)
Other sellers (Hardcover)
  • All (19) from $13.22   
  • New (9) from $13.63   
  • Used (10) from $13.22   

Overview

Retirement risk management must be dramatically overhauled if workers and retirees are to better prepare themselves to meet future retirement challenges. Recent economic events including the global financial crisis have upended expectations about what pension and endowment fund managers can do. Employers and employees have found it difficult to make pension contributions, despite drops in retirement plan funding. In many countries, government social security systems are also facing insolvency. These factors, coupled with an aging population and rising longevity, are giving rise to serious questions about the future of retirement in America and around the world.

This volume explores how workers and firms can reassess the risks associated with retirement saving and dissaving, to identify creative adjustments and adapt to these new realities. Other areas explored include the key role for financial literacy and education programs, the necessity of those acting as plan sponsors and fiduciaries to reconsider pension design, and the arrival of novel financial products that can help with the design of retirement plans. Experts provide new research and offer policy recommendations, illustrating how retirement plans can be amended to better meet the retirement needs of workers and firms.

This volume is an important addition to the Pensions Research Council / Oxford University Press series and to the current debate on retirement security.

Read More Show Less

Product Details

  • ISBN-13: 9780199592609
  • Publisher: Oxford University Press
  • Publication date: 10/21/2010
  • Pages: 272
  • Product dimensions: 6.30 (w) x 9.30 (h) x 0.90 (d)

Meet the Author

Olivia S. Mitchell is the International Foundation of Employee Benefit Plans Professor of Insurance and Risk Management, the Executive Director of the Pension Research Council, and the Director of the Boettner Center on 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 AHEAD/Health and Retirement Studies at the University of Michigan. Dr. Mitchell's main areas of research and teaching are private and public insurance, risk management, public finance and labor markets, and compensation and pensions, with a US and an international focus. She received the B.A. in Economics from Harvard University and the M.A. and Ph.D. degrees in Economics from the University of Wisconsin-Madison.
Robert L. Clark is Professor of Management, Innovation, and Entrepreneurship and Professor of Economics at North Carolina State University. His research interests include retirement decisions, the choice between defined benefit and defined contribution plans, the impact of pension conversions to defined contribution and cash balance plans, the role of information and communications on 401(k) contributions, government regulation of pensions, and Social Security. Professor Clark serves on the Advisory Board of Wharton's Pension Research Council, is a Fellow of the Employee Benefit Research Institute and the TIAA-CREF Institute, and a member of the American Economic Association, the Gerontological Society of America, International Union for the Scientific Study of Population, and the National Academy of Social Insurance. Professor Clark earned an MA and the Ph.D. from Duke University and a BA from Millsaps College.

Read More Show Less

Table of Contents

1. The Evolution of Retirement Risk Management, Robert L. Clark and Olivia S. Mitchell
Part I: Revisiting Retirement Saving and Dissaving Advice
2. Retirement Saving Adequacy and Individual Investment Risk Management Using the Asset/Salary Ratio, P. Brett Hammond and David P. Richardson
3. Employer-Provided Retirement Planning Programs, Robert L. Clark, Melinda S. Morrill, and Steven G. Allen
4. How Does Retirement Planning Software Handle Post-Retirement Realities?, Anna M. Rappaport and John A. Turner
5. Impact of the Pension Protection Act on Financial Advice: What Works and What Remains to be Done?, Lynn Pettus and R. Hall Kesmodel, Jr.
Part II: The Environment for Retirement Plan Redesign
6. The Effect of Uncertain Labor Income and Social Security on Life-cycle Portfolios, Raimond Maurer, Olivia S. Mitchell, and Ralph Rogalla
7. The Declining Role of Private Defined Benefit Pension Plans: Who is Affected, and How, Craig Copeland and Jack VanDerhei
8. Rebuilding Workers' Retirement Security: A Labor Perspective on Private Pension Reform, Damon Silvers
9. Longevity Risk and Annuities in Singapore, Joelle H.Y. Fong, Olivia S. Mitchell, and Benedict S.K. Koh
Part III: Innovations in Retirement Risk Financing
10. Outsourcing Pension Longevity Protection, Igor Balevich
11. Comparing Spending Approaches in Retirement, John Ameriks, Michael Hess, and Liqian Ren
12. Risk Budgeting for the Canadian Pension Plan Investment Board, Sterling Gunn and Tracy Livingstone
13. Can VEBAs Alleviate Retiree Health Care Problems?, Aaron Bernstein

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)