http://www.pensionresearchcouncil.org/publications/document.php?file=822
Complete Description:Managing retirement risk has become extraordinarily difficult in this era of financial turmoil, global interlinkages, and global population aging. It is particularly fraught since consumers must now engage in long-term contracts with themselves, employers, financial institutions, and governments, regarding the future of retirement financing. Moreover, these agreements will need to remain in force extraordinarily long, for fifty or even one hundred years into the future. This note reviews what institutions and instruments that have a successful track record in retirement risk management over such a long time horizon.
Date Published:Monday, February 01, 2010
Author:Olivia S. Mitchell
Funding Agency: Social Security Administration, Pension Research Council
Type: Working paper;
Source: Case study;
Language: English
Audience: Researcher