Pension Research Council: Books: Innovations in Retirement Financing

PRC Book

Innovations in Retirement Financing

Olivia S. Mitchell, Zvi Bodie, P. Brett Hammond, and Stephen Zeldes, Editors
Only half of Americans say they have thought about saving for retirement, and many of those who have tried to save, don't know if they are saving enough. This book proposes fresh approaches, including cash-balance pension plans, reverse annuity mortgages, and inflation-indexed bonds, and provides new methodologies for financial planning.

2002 · University of Pennsylvania Press · ISBN 0-8122-3641-6

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Download Table of Contents and Chapter 1 [177K PDF]
Chapter 2: Income Shocks, Asset Returns, and Portfolio Choice [430K PDF · login required]
Steven J. Davis and Paul Willen
Chapter 3: Worklife Determinants of Retirement Income: Differences Across Men and Women [144K PDF · login required]
Philip B. Levine, Olivia S. Mitchell, and John W.R. Phillips
Chapter 4: An Economic Approach to Setting Retirement Saving Goals [154K PDF · login required]
B. Douglas Bernheim, Lorenzo Forni, Jagadeesh Gokhale, and Lawrence J. Kotlikoff
Chapter 5: Retirement Planning and the Asset/Salary Ratio [360K PDF · login required]
Martin L. Leibowitz, J. Benson Durham, P. Brett Hammond, and Michael Heller
Chapter 6: Outcomes-Based Investing with Efficient Monte Carlo Simulation? [146K PDF · login required]
Jason Scott
Chapter 7: Taking the Subsidy Out of Early Retirement: Converting to Hybrid Pensions [563K PDF · login required]
Robert L. Clark and Sylvester J. Schieber
Chapter 8: Mortality Risk, Inflation Risk, and Annuity Products [193K PDF · login required]
Jeffrey R. Brown, Olivia S. Mitchell, and James M. Poterba
Chapter 9: Integrating Life Annuities and Long-Term Care Insurance: Theory, Evidence, Patience, and Policy [230K PDF · login required]
Mark J. Warshawsky, Brenda C. Spillman, and Christopher M. Murtaugh
Chapter 10: Survivor Bonds and Compulsory Annuitization: Reducing the Cost of Pension Provision [105K PDF · login required]
David Blake, William Burrows, and J. Michael Orszag
Chapter 11: Turning Assets into Cash: Problems and Prospects in the Reverse Mortgage Market [134K PDF · login required]
Andrew Caplin
Chapter 12: Aging and Housing Equity [787K PDF · login required]
Steven F. Venti and David A. Wise
Chapter 13: Risk Management Through International Diversification: The Case of Latin American Pension Funds [636K PDF · login required]
P.S. Srinivas and Juan Yermo
Contributors and Index [115K PDF · login required]

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