Living With Defined Contribution Pensions
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Living With Defined Contribution Pensions
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Author : Olivia S. Mitchell
language : en
Publisher: University of Pennsylvania Press
Release Date : 1998-05-29
Living With Defined Contribution Pensions written by Olivia S. Mitchell and has been published by University of Pennsylvania Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-05-29 with Business & Economics categories.
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Living With Defined Contribution Pensions
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Author : Olivia S. Mitchell
language : en
Publisher:
Release Date : 1998
Living With Defined Contribution Pensions written by Olivia S. Mitchell and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Defined contribution pension plans categories.
New Policies For Mandatory Defined Contribution Pensions
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Author : Gregorio Impavido
language : en
Publisher: World Bank Publications
Release Date : 2010-06-04
New Policies For Mandatory Defined Contribution Pensions written by Gregorio Impavido and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-06-04 with Business & Economics categories.
Mandatory defined contribution pension markets are present in a growing number of countries around the world. But despite their popularity, policymakers continue to struggle with two key policy concerns. On the one hand, a number of design shortcomings encourages pension firms to charge high administrative fees. On the other hand, the global crisis that started in 2007 has reignited the debate on whether pension participants bear excessive investment risk. Both are valid policy concerns as their incidence can imply higher than expected levels of poverty among old age individuals. Both concerns have the same root problem---the limited capacity of individuals to choose what is best for them. This, in turn, stems from a combination of inadequate financial education, bounded rationality and the use of simplistic 'rules of thumb' that produce systematic biases in the decision making process of individuals. While improving financial education is an obvious avenue to pursue, this book is more concerned with design features that can exploit these systematic biases to protect consumers from themselves. 'New Policies for Mandatory Defined Contribution Pensions: Industrial Organization Models and Investment Products' (i) discusses the main implications for the functioning of mandatory defined contribution pensions of consumers inability to make rational choices; (ii) describes how jurisdictions have tried to address these problems through ad hoc policy interventions; and (iii) proposes new policy directions in the areas of industrial organization models and investment products to address these concerns more effectively. Written for practitioners and researchers around the world, this book provides access to new thinking on mandatory defined contribution pension systems and it makes an important contribution to the on-going policy debate on how to best structure mandatory defined contribution pillars.
Forecasting Retirement Needs And Retirement Wealth
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Author : Olivia S. Mitchell
language : en
Publisher: University of Pennsylvania Press
Release Date : 2000
Forecasting Retirement Needs And Retirement Wealth written by Olivia S. Mitchell and has been published by University of Pennsylvania Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Business & Economics categories.
Many new retirement-related opportunities and risks confront individuals and employers in the 21st century. Opportunities include the exciting prospects of living longer, living healthier, and living a more productive life than ever before. But the risks are also huge, including the challenge of setting an income goal and then saving enough for retirement, investing wisely in a time of financial turmoil, and planning carefully for a long period of time in retirement. What are retirement needs and how much will we need to save for old age? What is retirement becoming, especially in an era of downsizing and early retirement? What assets should we hold prior to and throughout the retirement period? How should we invest our pension assets, and how can education influence 401(k) plan saving? How important are employer-provided pensions and social security in protecting retirees against old-age poverty? And what special problems do minorities and women face? Forecasting Retirement Needs and Retirement Wealth draws on the latest information available on health, wealth, and retirement in America, to offer new perspectives on ways to support the expanding population of older citizens. As these novel paths to retirement emerge, paths that involve "bridge" jobs and gradual transitions through various states of employment, they force new thinking on the concept and process of retirement. Contributors explore the difficult problem of determining what resources people need during retirement and offer ways to think about how much to save for old age.Also in the Pension Research Council Publications series-- Prospects for Social Security Reform Edited by Olivia S. Mitchell, Robert J. Myers, and Howard Young ISBN 0-8122-3479-0 / Cloth Living with Defined Contribution Pensions Remaking Responsibility for Retirement Edited by Olivia S. Mitchell and Sylvester J. Schieber ISBN 0-8122-3439-1 / Cloth Positioning Pensions for the Twentieth-First Century Edited by Michael S. Gordon, Olivia S. Mitchell, and Marc M. Twinney ISBN 0-8122-3391-3 / Cloth
Nonfinancial Defined Contribution Pension Schemes In A Changing Pension World
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Author : Robert Holzmann
language : en
Publisher: World Bank Publications
Release Date : 2012-06-21
Nonfinancial Defined Contribution Pension Schemes In A Changing Pension World written by Robert Holzmann and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-06-21 with Business & Economics categories.
Pensions are under scrutiny worldwide in view of increasing life expectancy and adverse demographics. This volume offers an overview of unfunded individual accounts introduced in the mid-1990s in Italy, Latvia, Poland and Sweden in order to assure a successful adulthood and an even better start for the off-springs.
A Predictable Secure Pension For Life
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Author :
language : en
Publisher: Pension Benefit Guaranty Corporatiom
Release Date : 2000
A Predictable Secure Pension For Life written by and has been published by Pension Benefit Guaranty Corporatiom this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Defined benefit pension plans categories.
New Policies For Mandatory Defined Contribution Pensions
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Author : Gregorio Impavido
language : en
Publisher: World Bank Publications
Release Date : 2010
New Policies For Mandatory Defined Contribution Pensions written by Gregorio Impavido and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Defined contribution pension plans categories.
This book assesses the current functioning of mandatory defined contribution pension pillars, evaluates policy measures in place in various jurisdictions for addressing current inefficiencies, and proposes new policies for addressing them more effectively.
Optimizing The Aging Retirement And Pensions Dilemma
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Author : Marida Bertocchi
language : en
Publisher: John Wiley & Sons
Release Date : 2010-02-08
Optimizing The Aging Retirement And Pensions Dilemma written by Marida Bertocchi and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-02-08 with Business & Economics categories.
A straightforward guide focused on life cycle investing-namely aging, retirement, and pensions Life cycle investing and the implications of aging, retirement, and pensions continues to grow in importance. With people living longer, the relative and absolute number of retirees is growing while the number of workers contributing to pension funds is declining. This reliable resource develops a detailed economic analysis-at the micro (individual) and macro (economy wide) levels-which addresses issues regarding the economics of an aging population. Topics touched upon include retirement and the associated health care funding of the aged as well as social security and the asset classes that are considered asset-liability choices over time. The probability of achieving adequate return patterns from various investment strategies and asset classes is reviewed Shares rich insights on the aging, retirement, and pensions dilemma An assessment of the resources the real economy will be able to commit to non-workers is provided The three pillars of retirement are social security, company pensions, and private savings. Each of these pillars is confronted with a variety of asset-liability problems, and this book will addresses them.
Pensionize Your Nest Egg
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Author : Moshe A. Milevsky
language : en
Publisher: John Wiley & Sons
Release Date : 2015-03-25
Pensionize Your Nest Egg written by Moshe A. Milevsky and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-03-25 with Business & Economics categories.
Guarantee your retirement income with a DIY pension Pensionize Your Nest Egg describes how adding the newapproach of "product allocation" to the tried-and-true assetallocation approach can help protect you from the risk of outlivingyour savings, while maximizing your income in retirement. This book demonstrates that it isn't the investor with the mostmoney who necessarily has the best retirement income plan. Instead,it's the investor who owns the right type of investment andinsurance products, and uses product allocation to allocate theright amounts, at the right time, to each product category. This revised second edition is expanded to include investorsthroughout the English-speaking world and updated to reflectcurrent economic realities. Readers will learn how to distinguish between the various typesof retirement income products available today, including lifeannuities and variable annuities with living income benefits, andhow to evaluate the features that are most important to meet theirpersonal retirement goals. Evaluate the impacts of longevity, inflation, and sequence ofreturns risk on your retirement income portfolio Make sense of the bewildering array of today's retirementincome products Measure and maximize your Retirement SustainabilityQuotient Learn how your product allocation choices can help maximizecurrent income or financial legacy — and how to select theapproach that's right for you Walk through detailed case studies to explore how to pensionizeyour nest egg using the new product allocation approach Whether you do it yourself or work with a financial advisor,Pensionize Your Nest Egg gives you a step-by-step plan tocreate a guaranteed retirement income for life.
Pensions In The U S Economy
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Author : Zvi Bodie
language : en
Publisher: University of Chicago Press
Release Date : 2008-04-15
Pensions In The U S Economy written by Zvi Bodie and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-04-15 with Business & Economics categories.
Pensions in the U.S. Economy is the fourth in a series on pensions from the National Bureau of Economic Research. For both economists and policymakers, this volume makes a valuable contribution to current research on pensions and the economics of the elderly. The contributors report on retirement saving of individuals and the saving that results from corporate funding of pension plans, and they examine particular aspects of the plans themselves from the employee's point of view. Steven F. Venti and David A. Wise offer a careful analysis of who contributes to IRAs and why. Benjamin M. Friedman and Mark Warshawsky look at the reasons more retirement saving is not used to purchase annuities. Personal saving through pension contribution is discussed by B. Douglas Bernheim and John B. Shoven in the context of recent government and corporate pension funding changes. Michael J. Boskin and John B. Shoven analyze indicators of the economic well-being of the elderly, addressing the problem of why a large fraction of the elderly remain poor despite a general improvement in the economic status of the group as a whole. The relative merits of defined contribution versus defined benefit plans, with emphasis on the risk aspects of the two types of plans for the individual, are examined by Zvi Bodie, Alan J. Marcus, and Robert C. Merton. In the final paper, pension plans and worker turnover are the focus of the discussion by Edward P. Lazear and Robert L. Moore, who propose pension option value rather than the commonly used accrued pension wealth as a measure of pension value.