Readership: Academics, researchers, and students of Pensions, Financial Management, and Human Resources; pension regulators and policymakers; pension and benefits analysts, consultants and financial advisers
Edited by Olivia S. Mitchell, International Foundation of Employee Benefit Plans Professor of Business Economics/Public Policy and Insurance/Risk Management, Director of the Boettner Center for Pensions and Retirement Research, and Executive Director of the Pension Research Council, Wharton School, Raimond Maurer, Chair of Investment, Portfolio Management, and Pension Finance in the Faculty of Economics and Business Administration, Goethe University of Frankfurt, and P.Brett Hammond, Managing Director and Head of Index Applied Research, MSCI Inc
Olivia S. Mitchell is
International Foundation of Employee Benefit Plans Professor of Insurance/Risk Management, Professor of Business Economics/Public Policy, Executive Director of the Pension Research Council, and Director of the Boettner Center for Pensions and Retirement Research at the Wharton School. Concurrently Dr. Mitchell is a Research Associate at the National Bureau of Economic Research and a Co-Investigator for the Health and Retirement Study at the University of Michigan. Her main areas of research and teaching are pensions, insurance and risk management, public finance, and labor markets, with an international focus. She received her B.A. in Economics from Harvard University and her M.A. and Ph.D.
degrees in Economics from the University of Wisconsin-Madison.
Raimond Maurer holds the endowed Chair of Investment, Portfolio Management, and Pension Finance in the Finance Department at the Goethe University of Frankfurt. His research focuses on asset management, life-time portfolio choice, and pension finance. He serves in professional capacities for the Society of Actuaries, the Association of Certified International Investment Analysts, and the Advisory Board of the Wharton School's Pension Research Council. He received his habilitation, his Ph.D., and his Diploma in business from Mannheim University.
P. Brett Hammond, is the Managing Director and Head of Index Applied Research at MSCI Inc.
1: Olivia S. Mitchell and Raimond Maurer: Introduction: Recreating Retirement Sustainability
Capital Market and Model Risk
2: Enrico Biffis and Robert Kosowski: Managing Capital Market Risk for Retirement
3: Jim Moore and Niels Pederson: Implications for Long-term Investors of the Shifting Distribution of Capital Market Returns
4: Marlena Lee: Stress Testing Monte Carlo Assumptions
5: Andrew Cairns: Modeling and Management of Longevity Risk
6: Guy Coughlan: 1. Longevity Risk Management, Corporate Finance, and Sustainable Pensions
7: Michael Sherris and Qiming Zhou: 1. Model Risk, Mortality Heterogeneity, and Implications for Solvency and Tail Risk
8: Richard MacMinn, Patrick Brockett, Jennifer Wang, Yijia Lin, and Ruilin Tian: The Securitization of Longevity Risk and Its Implications for Retirement Security
Regulatory and Political Risk
9: E. Philip Davis: Evolving Roles for Regulators: Toward Better Risk Control?
10: Stefan Lundberg, Cardano, Ruben Laros, and Laura Rebel: Developments in European Pension Regulation: Risks and Challenges
11: Tim Hodgson: Extreme Risks and the Retirement Anomaly
Implications for Plan Sponsors
12: Amy R. Kessler: Strategies for Sustainable Defined Benefit Pension Funds
13: Geoff Bauer, Gordon Fletcher, Julien Halfon, and Stacy Scapino: The Funding Debate: Optimizing Pension Risk within a Corporate Risk Budget