Research Catalog

Title

Optimizing the aging, retirement, and pensions dilemma / Marida Bertocchi, Sandra L. Schwartz, William T. Ziemba.

Author

Bertocchi, Marida.

Publication

Hoboken, N.J. : John Wiley & Sons, c2010.

Items in the Library & Off-site

Details

Additional Authors

• Schwartz, S. L. (Sandra L.), 1943-
• Ziemba, W. T.

Description

xviii, 411 p. : ill.; 24 cm.

Summary

"Written in a straightforward and accessible style, this book offers valuable advice on today's toughest retirement issues, and shows how government and corporate entities can help while assessing the risks to their own balance sheets. It also addresses some of the macroeconomic issues, asking whether an economy can effectively save without investing in productive assets." "The authors begin by exploring the key issues in retirement, including changing demographics and the shift from defined benefit to defined contribution plans. They discuss various asset classes and how they might be used for saving for retirement. The authors analyze the 2007-2009 economic crisis and its impact on retirement assets and future retirement practice. In Part II, they offer more in-depth analyses of key issues, such as asset allocation in government-owned pensions, individual asset-liability management and the role of annuities, insurance, and managed withdrawal plans, and more. Finally, in Part III, they bring the various issues together to present an all-encompassing modeling framework. While complex to implement, such models provide a good way to plan and take various future scenarios into account in these uncertain, ever-changing times."--BOOK JACKET.

Series Statement

[Wiley finance]

Uniform Title

Wiley finance series.

Subjects

• Retirement income > Planning
• Retirement > Economic aspects
• Pensions

Bibliography (note)

• Includes bibliographical references and index.

Contents

Pt. 1. The Aging Population: Issues for Retirement -- Ch. 1. Issues in Retirement -- Ch. 2. The Various Costs of Pensions: Macro and Micro -- Ch. 3. The Various Pillars of Retirement: Social Security, Company Pensions, Supplementary Pensions, and Private Savings -- Ch. 4. Asset Classes: Historical Performance and Risk -- Ch. 5. The Current Economic Crisis and Its Impact on Retirement Decisions -- Pt. 2. Special Issues and Models -- Ch. 6. The Impact of Population Aging on Household Portfolios and Asset Returns -- Ch. 7. A Continuous Time Approach to Asset-Liability Surplus Management -- Ch. 8. Should Defined Benefit Pension Schemes Be Career Average or Final Salary? -- Ch. 9. Applying Stochastic Programming to the US Defined Benefit Pension System -- Ch. 10. Mortality-Linked Securities and Derivatives -- Ch. 11. Asset Allocation and Governance Issues of Government-Owned Pensions -- Ch. 12. Issues In Individual Asset-Liability Management for Retirement -- Pt. 3. Modeling the Issues -- Ch. 13. Learning from Other Models -- Ch. 14. The Innovest Austrian Pension Fund Financial Planning Model -- Ch. 15. An Individual ALM Model for Lifetime Asset-Liability Management -- Ch. 16. Implementation and Numerical Results of Individual ALM Model for Lifetime Asset-Liability Management -- Ch. 17. Conclusions.

ISBN

• 9780470377345 (cloth)
• 0470377348 (cloth)

LCCN

2009031715

Owning Institutions

Columbia University Libraries