Jump to ContentJump to Main Navigation
Recreating Sustainable RetirementResilience, Solvency, and Tail Risk$
Users without a subscription are not able to see the full content.

Olivia S. Mitchell, Raimond Maurer, and P.Brett Hammond

Print publication date: 2014

Print ISBN-13: 9780198719243

Published to Oxford Scholarship Online: December 2014

DOI: 10.1093/acprof:oso/9780198719243.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 03 December 2020

The Securitization of Longevity Risk and Its Implications for Retirement Security

The Securitization of Longevity Risk and Its Implications for Retirement Security

Chapter:
(p.134) Chapter 8 The Securitization of Longevity Risk and Its Implications for Retirement Security
Source:
Recreating Sustainable Retirement
Author(s):

Richard MacMinn

Patrick Brockett

Jennifer Wang

Yijia Lin

Ruilin Tian

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198719243.003.0008

The economic significance of longevity risk for governments, corporations, and individuals has begun to be recognized and quantified. Traditional insurance for managing this risk has serious limitations due to binding capacity constraints. The much larger capacity of capital markets warrants more attention to transforming longevity risk from its pure risk form to a speculative risk form so that it can be traded in the capital markets. The chapter considers how defined contribution plans can be managed to increase the sustainable length of retirement and how defined benefit plans can be managed to reduce pension risk using longevity risk hedging schemes.

Keywords:   Longevity risk, retirement, securitization, buyout, longevity swap

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .