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Reorienting Retirement Risk Management

Robert L. Clark and Olivia S. Mitchell


Retirement risk management must be dramatically overhauled if workers and retirees are to better prepare themselves to meet future retirement challenges. Recent economic events including the global financial crisis have upended expectations about what pension and endowment fund managers can do. Employers and employees have found it difficult to make pension contributions, despite drops in retirement plan funding. In many countries, government social security systems are also facing insolvency. These factors, coupled with an aging population and rising longevity, are giving rise to serious ques ... More

Keywords: pension, defined contribution, defined benefit, replacement rate, saving, annuity, retirement security, financial literacy, retirement preparedness, asset, retirement policy

Bibliographic Information

Print publication date: 2010 Print ISBN-13: 9780199592609
Published to Oxford Scholarship Online: September 2010 DOI:10.1093/acprof:oso/9780199592609.001.0001


Affiliations are at time of print publication.

Robert L. Clark, editor
Professor of Management, Innovation, and Entrepreneurship and Professor of Economics, North Carolina State University
Author Webpage

Olivia S. Mitchell, editor
International Foundation of Employee Benefit Plans Professor, Professor of Insurance and Risk Management, Director, Pension Research Council and Boettner Center for Pensions and Retirement Research, the Wharton School, University of Pennsylvania
Author Webpage

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Chapter 1 The Evolution of Retirement Risk Management

Robert L. Clark and Olivia S. Mitchell

Part I Revisiting Retirement Saving and Dissaving Advice

Chapter 3 Employer‐Provided Retirement Planning Programs

Robert L. Clark, Melinda S. Morrill, and Steven G. Allen

Part II The Environment for Retirement Plan Redesign

Chapter 9 Longevity Risk and Annuities in Singapore

Joelle H.Y. Fong, Olivia S. Mitchell, and Benedict S.K. Koh

Part III Innovations in Retirement Risk Financing

Chapter 11 Comparing Spending Approaches in Retirement

John Ameriks, Michael Hess, and Liqian Ren

End Matter