Category Books

Innovations in Retirement Financing »

Authors: Olivia S. Mitchell (Editor), Zvi Bodie (Editor), P. Brett Hammond (Editor), Stephen Zeldes
ISBN-13: 9780812236415, ISBN-10: 0812236416
Format: Hardcover
Publisher: University of Pennsylvania Press, Inc.
Date Published: January 2002
Edition: (Non-applicable)

Author Biography: Olivia S. Mitchell

Olivia S. Mitchell is Executive Director of the Pension Research Council and International Foundation of Employee Benefit Plans Professor of Insurance and Risk Management at The Wharton School, University of Pennsylvania. Zvi Bodie is Professor of Finance at Boston University. P. Brett Hammond is Manager of Corporate Projects at TIAA-CREF. Stephen Zeldes is Benjamin Rosen Professor of Economics and Finance at Columbia University.

Book Synopsis

From the Wharton School

	Preface
Pt. I	Sources of Financial Retirement Risk
1	Analyzing and Managing Retirement Risks	3
2	Income Shocks, Asset Returns, and Portfolio Choice	20
3	Worklife Determinants of Retirement Income: Differences Across Men and Women	50
Pt. II	Developments in Retirement Planning Models
4	An Economic Approach to Setting Retirement Saving Goals	77
5	Retirement Planning and the Asset/Salary Ratio	106
6	Outcomes-Based Investing with Efficient Monte Carlo Simulation	132
Pt. III	Innovations for Managing Retirement Wealth
7	Taking the Subsidy Out of Early Retirement: Converting to Hybrid Pensions	149
8	Mortality Risk, Inflation Risk, and Annuity Products	175
9	Integrating Life Annuities and Long-Term Care Insurance: Theory, Evidence, Practice, and Policy	198
10	Survivor Bonds and Compulsory Annuitization: Reducing the Cost of Pension Provision	222
11	Turning Assets into Cash: Problems and Prospects in the Reverse Mortgage Market	234
12	Aging and Housing Equity	254
13	Risk Management Through International Diversification: The Case of Latin American Pension Funds	282
	Contributors	313
	Index	319