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Reshaping Retirement Security Lessons from the Global Financial Crisis

Maurer Raimond Mitchell Olivia S. Warshawsky Mark J.
Innbundet / 2012 / Engelsk

Produktdetaljer

ISBN
9780199660698
Publisert
2012
Utgiver
Vendor
Oxford University Press
Vekt
1 gr
Høyde
235 mm
Bredde
161 mm
Dybde
22 mm
Aldersnivå
U, P, 05, 06
Språk
Product language
Engelsk
Format
Product format
Innbundet
Antall sider
320

Redaktør
Maurer Raimond
Mitchell Olivia S.
Warshawsky Mark J.

Biographical note

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. Olivia S. Mitchell is the International Foundation of Employee Benefit Plans Professor of Insurance and Risk Management at the Wharton School, University of Pennsylvania. Her main areas of interest are private and public insurance, risk management, public finance, labor markets, compensation, and pensions with both a US and an international focus. She received the BA in Economics from Harvard University and the MS and Ph.D. in Economics from the University of Wisconsin-Madison. Mark J. Warshawsky is Director of Retirement Research at Towers Watson, a global human capital consulting firm. He conducts and oversees research on employer-sponsored retirement programs and policies, social security, financial planning, and health care financing. He is a co-author of the Fundamentals of Private Pensions, Ninth Edition, 2009, published by Oxford University Press, and of Retirement Income: Risks and Strategies, forthcoming, MIT Press. Previously he held senior-level economic research positions at the Internal Revenue Service, the Federal Reserve Board in Washington, DC, and TIAA-CREF, where he established the Paul A. Samuelson Prize. Dr. Warshawsky received a Ph.D. in Economics from Harvard University and a BA with Highest Distinction from Northwestern University.

Reshaping Retirement Security Lessons from the Global Financial Crisis

Maurer Raimond Mitchell Olivia S. Warshawsky Mark J.
Innbundet / 2012 / Engelsk
Maurer Raimond Mitchell Olivia S. Warshawsky Mark J.
Innbundet / 2012 / Engelsk
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The worldwide financial crisis has wrought deep changes in capital and labor markets, old-age retirement systems, and household retirement and consumption patterns. Confidence has been shaken in both the traditional defined benefit and defined contribution plans. Around the world, plan sponsors, fiduciaries, policymakers, and households have gained a new awareness of retirement risk. When pressed to reform post-crisis, many would recommend enhancing financial advice for plan participants, emphasizing flexibility and the positive effect of working another one or two years to make up for investment losses in the downturn. Adding to this is the continuing need for financial education, essential as the retirement system moves increasingly toward personal account pensions. Perhaps most important of all is the need for greater understanding of risk throughout the retirement security system, along with new approaches to re-engineering retirement pensions. This volume explores the lessons to be learnt for retirement planning and long-term financial security in view of the massive shocks to stock markets, labour markets, and pension plans resulting from the financial crisis. It aims to rethink retirement in the new economic era, including the resilience of defined contribution plans and how defined benefit plans reacted to the financial crisis.
Les mer
The book explores the lessons to be learnt for retirement planning and long-term financial security in view of the massive shocks to stock markets, labour markets, and pension plans caused by the financial crisis. It aims to rethink the resilience of defined contribution plans and how defined benefit plans reacted to the financial crisis.
Les mer
PART I. RETHINKING RETIREMENT IN THE NEW ECONOMIC ERA ; PART II. RETHINKING THE RESILIENCE OF DEFINED CONTRIBUTION PLANS ; PART III. HOW DEFINED BENEFIT PLANS HANDLED THE FINANCIAL CRISIS
I wholeheartedly recommend this book to readers of the Journal of Pension Economics and Finance. The individual contributions are of a high standard, and the editors have done an excellent job of pulling them together into a coherent whole.
Les mer
Timely contribution to the increasingly important topic of financial literacy Contributions from leading scholars in the field Arguments supported by country examples and real-world evidence
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. Olivia S. Mitchell is the International Foundation of Employee Benefit Plans Professor of Insurance and Risk Management at the Wharton School, University of Pennsylvania. Her main areas of interest are private and public insurance, risk management, public finance, labor markets, compensation, and pensions with both a US and an international focus. She received the BA in Economics from Harvard University and the MS and Ph.D. in Economics from the University of Wisconsin-Madison. Mark J. Warshawsky is Director of Retirement Research at Towers Watson, a global human capital consulting firm. He conducts and oversees research on employer-sponsored retirement programs and policies, social security, financial planning, and health care financing. He is a co-author of the Fundamentals of Private Pensions, Ninth Edition, 2009, published by Oxford University Press, and of Retirement Income: Risks and Strategies, forthcoming, MIT Press. Previously he held senior-level economic research positions at the Internal Revenue Service, the Federal Reserve Board in Washington, DC, and TIAA-CREF, where he established the Paul A. Samuelson Prize. Dr. Warshawsky received a Ph.D. in Economics from Harvard University and a BA with Highest Distinction from Northwestern University.
Les mer
Timely contribution to the increasingly important topic of financial literacy Contributions from leading scholars in the field Arguments supported by country examples and real-world evidence

Relaterte produkter

The worldwide financial crisis has wrought deep changes in capital and labor markets, old-age retirement systems, and household retirement and consumption patterns. Confidence has been shaken in both the traditional defined benefit and defined contribution plans. Around the world, plan sponsors, fiduciaries, policymakers, and households have gained a new awareness of retirement risk. When pressed to reform post-crisis, many would recommend enhancing financial advice for plan participants, emphasizing flexibility and the positive effect of working another one or two years to make up for investment losses in the downturn. Adding to this is the continuing need for financial education, essential as the retirement system moves increasingly toward personal account pensions. Perhaps most important of all is the need for greater understanding of risk throughout the retirement security system, along with new approaches to re-engineering retirement pensions. This volume explores the lessons to be learnt for retirement planning and long-term financial security in view of the massive shocks to stock markets, labour markets, and pension plans resulting from the financial crisis. It aims to rethink retirement in the new economic era, including the resilience of defined contribution plans and how defined benefit plans reacted to the financial crisis.
Les mer
The book explores the lessons to be learnt for retirement planning and long-term financial security in view of the massive shocks to stock markets, labour markets, and pension plans caused by the financial crisis. It aims to rethink the resilience of defined contribution plans and how defined benefit plans reacted to the financial crisis.
Les mer
PART I. RETHINKING RETIREMENT IN THE NEW ECONOMIC ERA ; PART II. RETHINKING THE RESILIENCE OF DEFINED CONTRIBUTION PLANS ; PART III. HOW DEFINED BENEFIT PLANS HANDLED THE FINANCIAL CRISIS
I wholeheartedly recommend this book to readers of the Journal of Pension Economics and Finance. The individual contributions are of a high standard, and the editors have done an excellent job of pulling them together into a coherent whole.
Les mer
Timely contribution to the increasingly important topic of financial literacy Contributions from leading scholars in the field Arguments supported by country examples and real-world evidence
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. Olivia S. Mitchell is the International Foundation of Employee Benefit Plans Professor of Insurance and Risk Management at the Wharton School, University of Pennsylvania. Her main areas of interest are private and public insurance, risk management, public finance, labor markets, compensation, and pensions with both a US and an international focus. She received the BA in Economics from Harvard University and the MS and Ph.D. in Economics from the University of Wisconsin-Madison. Mark J. Warshawsky is Director of Retirement Research at Towers Watson, a global human capital consulting firm. He conducts and oversees research on employer-sponsored retirement programs and policies, social security, financial planning, and health care financing. He is a co-author of the Fundamentals of Private Pensions, Ninth Edition, 2009, published by Oxford University Press, and of Retirement Income: Risks and Strategies, forthcoming, MIT Press. Previously he held senior-level economic research positions at the Internal Revenue Service, the Federal Reserve Board in Washington, DC, and TIAA-CREF, where he established the Paul A. Samuelson Prize. Dr. Warshawsky received a Ph.D. in Economics from Harvard University and a BA with Highest Distinction from Northwestern University.
Les mer
Timely contribution to the increasingly important topic of financial literacy Contributions from leading scholars in the field Arguments supported by country examples and real-world evidence

Produktdetaljer

ISBN
9780199660698
Publisert
2012
Utgiver
Vendor
Oxford University Press
Vekt
1 gr
Høyde
235 mm
Bredde
161 mm
Dybde
22 mm
Aldersnivå
U, P, 05, 06
Språk
Product language
Engelsk
Format
Product format
Innbundet
Antall sider
320

Redaktør
Maurer Raimond
Mitchell Olivia S.
Warshawsky Mark J.

Biographical note

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. Olivia S. Mitchell is the International Foundation of Employee Benefit Plans Professor of Insurance and Risk Management at the Wharton School, University of Pennsylvania. Her main areas of interest are private and public insurance, risk management, public finance, labor markets, compensation, and pensions with both a US and an international focus. She received the BA in Economics from Harvard University and the MS and Ph.D. in Economics from the University of Wisconsin-Madison. Mark J. Warshawsky is Director of Retirement Research at Towers Watson, a global human capital consulting firm. He conducts and oversees research on employer-sponsored retirement programs and policies, social security, financial planning, and health care financing. He is a co-author of the Fundamentals of Private Pensions, Ninth Edition, 2009, published by Oxford University Press, and of Retirement Income: Risks and Strategies, forthcoming, MIT Press. Previously he held senior-level economic research positions at the Internal Revenue Service, the Federal Reserve Board in Washington, DC, and TIAA-CREF, where he established the Paul A. Samuelson Prize. Dr. Warshawsky received a Ph.D. in Economics from Harvard University and a BA with Highest Distinction from Northwestern University.

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