Reshaping Retirement Security, 9780199660698
Hardcover
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 benefi…

Reshaping Retirement Security

lessons from the global financial crisis

$153.00

  • Hardcover

    320 pages

  • Release Date

    27 September 2012

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Summary

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 recommendenhancing financial advice for plan participants, emph…

Book Details

ISBN-13:9780199660698
ISBN-10:0199660697
Series:Pensions Research Council
Author:Raimond Maurer, Olivia S. Mitchell, Mark J. Warshawsky
Publisher:Oxford University Press
Imprint:Oxford University Press
Format:Hardcover
Number of Pages:320
Release Date:27 September 2012
Weight:602g
Dimensions:235mm x 161mm x 22mm
What They're Saying

Critics Review

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. * Anthony Webb, Journal of Pension Economics and Finance *

About The Author

Raimond Maurer

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 receivedhis 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 Managementat 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 overseesresearch 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, NinthEdition, 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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