Pension Research Council: Books: The Pension Challenge: Risk Transfers and Retirement Income Security

PRC Book

The Pension Challenge: Risk Transfers and Retirement Income Security

Olivia S. Mitchell and Kent Smetters, Editors
This book shows how pension systems can help protect against risks in light of current uncertain economic and financial global stresses. Several challenges confronting employees, retirees, companies, and governments are explored. Experts analyze whether and how financial products and systems can be better designed to meet and manage retirement risks.

December 2003 · Oxford University Press · ISBN 0-19-926691-3

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Title Page and Copyright Information [27K PDF]
Download Table of Contents [9K PDF]
Chapter 1: Overview: Developments in Risk Management For Retirement Security [120K PDF · login required]
Olivia S. Mitchell and Kent Smetters
Chapter 2: An Analysis of Investment Advice to Retirement Plan Participants [120K PDF · login required]
Zvi Bodie
Chapter 3: The Role of Company Stock in Defined Contribution Plans [229K PDF · login required]
Olivia S. Mitchell and Stephen P. Utkus
Chapter 4: Company Stock and Pension Plan Diversification [167K PDF · login required]
Krishna Ramaswamy
Chapter 5: Integrating Payouts: Annuity Design and Public Pension Benefits in Mandatory Defined Contribution Plans [134K PDF · login required]
Suzanne Doyle and John Piggott
Chapter 6: Risk Transfer in Public Pension Plans [205K PDF · login required]
Jeremy Gold
Chapter 7: Securing Public Pension Promises through Funding [229K PDF · login required]
Robert Palacios
Chapter 8: Understanding Individual Account Guarantees [203K PDF · login required]
Marie-Eve Lachance and Olivia S. Mitchell
Chapter 9: Money-Back Guarantees in Individual Pension Accounts: Evidence from the German Pension Reform [204K PDF · login required]
Raimond Maurer and Christian Schlag
Chapter 10: Hedging Segregated Fund Guarantees [185K PDF · login required]
Kenneth Vetzal, Peter Forsyth, and Heath Windcliff
Chapter 11: Retirement Guarantees in Mandatory Defined Contribution Systems [106K PDF · login required]
Jan Walliser
Chapter 12: Retirement Guarantees in Voluntary Defined Contribution Plans [128K PDF · login required]
John Turner and David Rajnes
Chapter 13: Securitized Risk Instruments as Alternative Pension Fund Investments [155K PDF · login required]
David Cummins and Christopher Lewis
Chapter 14: Credit Implications of the Payout Annuity Market [155K PDF · login required]
Arthur Fliegelman, Moshe Milevsky, and Scott Robinson

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