Remaking Retirement

Author : Olivia Mitchell,Annamaria Lusardi
Publisher : Oxford University Press
Page : 305 pages
File Size : 55,7 Mb
Release : 2020-10-24
Category : Business & Economics
ISBN : 9780192637550

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Remaking Retirement by Olivia Mitchell,Annamaria Lusardi Pdf

Around the world, people nearing and entering retirement are holding ever-greater levels of debt than in the past. This is not a benign situation, as many pre-retirees and retirees are stressed about their indebtedness. Moreover, this growth in debt among the older population may render retirees vulnerable to financial shocks, medical care bills, and changes in interest rates. Contributors to this volume explore key aspects of the rise in debt across older cohorts, drill down into the types of debt and reasons for debt incurred by the older population, and review policies to remedy some of the financial problems facing older persons, in the US and elsewhere. The authors explore which groups are most affected by debt and identify the factors producing this important increase in leverage at older ages. It is clear that the economic and market environment is influential when it comes to saving and debt. Access to easy borrowing, low interest rates, and the rising cost of education have had significant impacts on how much people borrow, and how much debt they carry at older ages. In this environment, the capacity to manage debt is ever more important as older workers lack the opportunity to recover from mistakes.

Author : Olivia Mitchell,Annamaria Lusardi
Publisher : Oxford University Press, USA
Page : 305 pages
File Size : 55,8 Mb
Release : 2020-10-08
Category : Business & Economics
ISBN : 9780198867524

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Remaking Retirement by Olivia Mitchell,Annamaria Lusardi Pdf

Around the world, people nearing and entering retirement are holding ever-greater levels of debt. This volume explores key aspects of the rise in debt across older cohorts, drills down into the types of debt and reasons for debt incurred, and reviews policies to remedy some of the financial problems facing older persons, in the US and elsewhere.

Author : Anette Nyqvist
Publisher : Springer
Page : 207 pages
File Size : 53,5 Mb
Release : 2016-04-08
Category : Social Science
ISBN : 9781137552402

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Reform and Responsibility in the Remaking of the Swedish National Pension System by Anette Nyqvist Pdf

Reform and Responsibility in the Remaking of the Swedish National Pension System is a detailed study through Sweden's national pension system. With Sweden's recently reformed national pension system as the illustrative example, Nyqvist shows how new forms of governance effectively shift responsibility from state level to an individual level. She sheds light on how politicians, technocrats, and bureaucrats work to educate and foster the general public into responsible, hardworking, and financially literate citizens. This ethnographic example of how contemporary power works by way of new forms of governance, Reform and Responsibility in the Remaking of the Swedish National Pension System is an exploration into the art of governing of a large-scale governmental policy process

Author : Olivia S. Mitchell,Sylvester J. Schieber
Publisher : Unknown
Page : 0 pages
File Size : 55,7 Mb
Release : 1998
Category : Defined contribution pension plans
ISBN : OCLC:1359004336

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Living with Defined Contribution Pensions by Olivia S. Mitchell,Sylvester J. Schieber Pdf

Author : Brigitte Madrian,Olivia S. Mitchell,Beth J. Soldo
Publisher : OUP Oxford
Page : 346 pages
File Size : 51,6 Mb
Release : 2007-07-12
Category : Business & Economics
ISBN : 9780191528170

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Redefining Retirement by Brigitte Madrian,Olivia S. Mitchell,Beth J. Soldo Pdf

As the leading edge of the 'Baby Boom' generation attains age 60, members of this unusually large cohort born 1946-66 are poised to redefine retirement - just as they have restructured educational, housing, and labor markets in prior days. Looking ahead, their numbers and energy are sure to have a major impact on national pensions, healthcare, and social safety nets. Contributors to this volume note that 'Boomers' will be better off than their predecessors in many ways, having benefited from the long run-up in housing prices, dramatic improvements in healthcare, and the expanding economy. On the other hand, the generation's sheer size will surely squeeze resources and require new approaches to retirement risk management. This volume paints a complex and fascinating picture as Boomers move into retirement. On average they are in better financial and physical health than prior cohorts, and they can be anticipated to fare better than current retirees in absolute terms. Yet the distribution of retiree income and wealth will be less equal than in earlier years, and in relative terms, many Boomers will be less well off than their forebears. Contributors to the volume use many invaluable models and datasets, including the incomparable Health and Retirement Study (HRS) which affords unique insights into the status of mature adults surveyed at the same age and hence same point in their life cycles, but at three different time periods. Analysts offer new evidence about prospects for health and income during retirement, as well as pensions and housing equity, health, portfolio allocation, and financial literacy. This book offers readers an invaluable and first book-length study of Boomers as they march into retirement. As such, it represents an invaluable addition to the Pension Research Council/Oxford University Press series. It will be especially useful for scholars and policymakers seeking to understand retirement preparedness, to actuaries and tax specialists concerned with retirement system regulation, and to plan sponsors interested in the determinants of work and retirement at older ages.

Author : Olivia S. Mitchell
Publisher : Oxford University Press
Page : 353 pages
File Size : 40,6 Mb
Release : 2022
Category : Law
ISBN : 9780192859808

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New Models for Managing Longevity Risk by Olivia S. Mitchell Pdf

This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. Notwithstanding the terrible price the world has paid in the coronavirus pandemic, the fact remains that longevity at older ages is likely to continue to rise in the medium and longer term. This volume explores how the private and public sectors can collaborate via public-private partnerships (PPPs) to develop new mechanisms to reduce older people's risk of outliving their assets in later life. As this volume shows, PPPs typically involve shared government financing alongside private sector partner expertise, management responsibility, and accountability. In addition to offering empirical evidence on examples where this is working well, contributors provide case studies, discuss survey results, and examine a variety of different financial and insurance products to better meet the needs of the aging population. This volume will be informative to researchers, plan sponsors, students, and policymakers seeking to enhance retirement plan offerings.

Author : David E. Bloom,Alfonso Sousa-Poza,Uwe Sunde
Publisher : Taylor & Francis
Page : 799 pages
File Size : 48,6 Mb
Release : 2023-08-16
Category : Business & Economics
ISBN : 9781000812770

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The Routledge Handbook of the Economics of Ageing by David E. Bloom,Alfonso Sousa-Poza,Uwe Sunde Pdf

Ageing populations pose some of the foremost global challenges of this century. Drawing on an international pool of scholars, this cutting-edge Handbook surveys the micro, macro and institutional aspects of the economics of ageing. Structured in seven parts, the volume addresses a broad range of themes, including health economics, labour economics, pensions and social security, generational accounting, wealth inequality and regional perspectives. Each chapter combines a succinct overview of the state of current research with a sketch of a promising future research agenda. This Handbook will be an essential resource for advanced students, researchers and policymakers looking at the economics of ageing across the disciplines of economics, demography, public policy, public health and beyond. Chapter 37 of this book is freely available as a downloadable Open Access PDF at http://www.taylorfrancis.com under a Creative Commons Attribution (CC-BY) 4.0 license.

Author : William G. Gale,John B. Shoven,Mark J. Warshawsky
Publisher : Rowman & Littlefield
Page : 244 pages
File Size : 55,9 Mb
Release : 2006-01-10
Category : Business & Economics
ISBN : 9780815797999

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The Evolving Pension System by William G. Gale,John B. Shoven,Mark J. Warshawsky Pdf

The Evolving Pension System examines the foundations and the future of the private pension system. It provides a broad overview of the underlying assumptions, characteristics, and effects of existing pension policy, as well as alternative views on how public policy toward pensions should evolve in the future. Contributors include Robert Clark (North Carolina State University), Eric Engen (Federal Reserve Board), William G. Gale (Brookings Institution), Theodore Groom (Groom Law Group, Chartered), Daniel Halperin (Harvard), Alicia Munnell (Boston College), Leslie Papke (Michigan State University), Joseph Quinn (Boston College), Sylvester Schieber (Watson Wyatt), John B. Shoven (Stanford), and Jack Vanderhei (Temple University and EBRI). William G. Gale is the Joseph A. Pechman Fellow in the Economic Studies program at the Brookings Institution. John B. Shoven is Charles R. Schwab Professor at Stanford University. Mark J. Warshawsky is director of research at the TIAA-CREF Institute.

Author : Kshipra Jain
Publisher : Taylor & Francis
Page : 211 pages
File Size : 45,6 Mb
Release : 2023-05-09
Category : Business & Economics
ISBN : 9781000879865

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Financial Literacy and Ageing in Developing Economies by Kshipra Jain Pdf

This book weaves together current understanding around financial literacy and ageing, arguing for the relevance of financial literacy for old age security. Building upon on the experiences of ten developing Asian economies with a focus on India, the book enters new territory by developing frameworks that identify predictors of financial literacy and a mechanism for its internalization, as well as recognising the need for specialized training programs for the older population in order to establish a link between financial literacy and old age security. It thus makes a case about the centrality of financial literacy in creating an environment conducive to a dignified ageing experience in this world of shouldering one’s own responsibility. Going forward, the book comprehends financial literacy for India as a skill which enables an individual to decide the suitable avenues to invest savings, utilize monetary resources and shape financial decisions aligned with their financial goals, in accordance with the dynamic financial & economic environment. This original volume is a first-time attempt to provide an in-depth account of financial literacy and its association with savings behavior, old age planning, wealth accumulation, healthcare and wellbeing in older age. It also provides a detailed account of various measurement tools used and policy initiatives undertaken across the globe for financial literacy. It is an indispensable reference guide for scholars and researchers, cutting across multiple disciplines particularly financial and development economics, gerontology, demography, social work, psychology and public policy.

Author : Nilanjan Dey
Publisher : Notion Press
Page : 158 pages
File Size : 47,9 Mb
Release : 2022-08-13
Category : Business & Economics
ISBN : 9798887499895

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NO ROOM FOR LESS by Nilanjan Dey Pdf

A severe retirement crisis is imminent in India. Its impact on socioeconomic systems will upend the lives of ordinary people. This book analyses the current legislative framework, ongoing reforms, saving and investment patterns, and financial products that are aimed at the rapidly burgeoning retirement market. In a world divided between the pension haves and the pension have-nots, the relative absence of retirement literacy remains a giant concern, a gap the book aims to address. For both policymakers and individual savers, The Great Indian Retirement Crisis makes a compelling story.

Author : Olivia S. Mitchell,P. Brett Hammond,Anna M. Rappaport
Publisher : University of Pennsylvania Press
Page : 392 pages
File Size : 46,5 Mb
Release : 2000
Category : Business & Economics
ISBN : 0812235290

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Forecasting Retirement Needs and Retirement Wealth by Olivia S. Mitchell,P. Brett Hammond,Anna M. Rappaport Pdf

Many new retirement-related opportunities and risks confront individuals and employers in the 21st century. Opportunities include the exciting prospects of living longer, living healthier, and living a more productive life than ever before. But the risks are also huge, including the challenge of setting an income goal and then saving enough for retirement, investing wisely in a time of financial turmoil, and planning carefully for a long period of time in retirement. What are retirement needs and how much will we need to save for old age? What is retirement becoming, especially in an era of downsizing and early retirement? What assets should we hold prior to and throughout the retirement period? How should we invest our pension assets, and how can education influence 401(k) plan saving? How important are employer-provided pensions and social security in protecting retirees against old-age poverty? And what special problems do minorities and women face? Forecasting Retirement Needs and Retirement Wealth draws on the latest information available on health, wealth, and retirement in America, to offer new perspectives on ways to support the expanding population of older citizens. As these novel paths to retirement emerge, paths that involve "bridge" jobs and gradual transitions through various states of employment, they force new thinking on the concept and process of retirement. Contributors explore the difficult problem of determining what resources people need during retirement and offer ways to think about how much to save for old age.Also in the Pension Research Council Publications series-- Prospects for Social Security Reform Edited by Olivia S. Mitchell, Robert J. Myers, and Howard Young ISBN 0-8122-3479-0 / Cloth Living with Defined Contribution Pensions Remaking Responsibility for Retirement Edited by Olivia S. Mitchell and Sylvester J. Schieber ISBN 0-8122-3439-1 / Cloth Positioning Pensions for the Twentieth-First Century Edited by Michael S. Gordon, Olivia S. Mitchell, and Marc M. Twinney ISBN 0-8122-3391-3 / Cloth

Author : William G. Gale,John B. Shoven,Mark J. Warshawsky
Publisher : Rowman & Littlefield
Page : 428 pages
File Size : 55,5 Mb
Release : 2004-04-21
Category : Business & Economics
ISBN : 0815796420

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Private Pensions and Public Policies by William G. Gale,John B. Shoven,Mark J. Warshawsky Pdf

The private pension system, together with Social Security, has provided millions of Americans with income security in retirement. But over the past thirty years, pension coverage has stagnated, leaving behind some vulnerable groups. Defined contribution plans have exposed workers to greater investment risk, while cash balance and other hybrid plans may have adverse effects on older workers caught in the transition. Pension regulations, infamous for their complexity, can be bewildering to policy analysts and policymakers. Private Pensions and Public Policies sheds timely and much-needed light on specific issues within the broader context and framework of pension reform. Contributors focus on topics that must be addressed in any reform effort, including the effects of the shift in emphasis toward defined contribution plans (after the 1974 Employee Retirement Income and Security Act) and hybrid plans (from the 1990s); regulatory issues such as nondiscrimination rules and contribution limits; how to increase the information available to participants and improve financial education; how participants in defined contribution plans make choices on questions such as asset allocation, back-loaded versus front-loaded saving, and annuities versus lump sum distributions; and the interaction of the private pension system with Social Security. Contributors include Robert L. Clark (North Carolina State University), Sylvester J. Schieber (Watson Wyatt Worldwide), Richard A. Ippolito (George Mason University School of Law), Alan L. Gustman (Dartmouth College), Thomas L. Steinmeier (Texas Tech University), John Karl Scholz (University of Wisconsin), Dean M. Maki, (JPMorgan Chase), William Even (Miami University of Ohio), Jagadeesh Gokhale (American Enterprise Institute), Laurence J. Kotlikoff (Boston University), Mark J. Warshawsky (TIAA-CREF Institute), Annika Sunden (Boston College), Andrew A. Samwick (Dartmouth College), David A. Wise (Harvard University), Joel Dickson (T

Author : Rune Ervik,Nanna Kildal
Publisher : Routledge
Page : 212 pages
File Size : 45,6 Mb
Release : 2016-03-09
Category : Political Science
ISBN : 9781317088592

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New Contractualism in European Welfare State Policies by Rune Ervik,Nanna Kildal Pdf

The ’Golden Age' of the welfare state in Europe was characterised by a strengthening of social rights as citizens became increasingly protected through the collective provision of income security and social services. The oil crisis, inflation and high unemployment of the 1970s largely saw the end of welfare expansion with critical voices claiming the welfare state had created an unbalanced focus on the social rights of individuals, above their responsibilities as citizens. During the 1980s many western countries developed contractual modes of thinking and regulation within welfare policy. Contractualism has proved a significant organising principle for public reforms in general, and for social policy reforms in particular as it embraces both a way of justifying certain welfare policies and of constructing specific socio-legal policy instruments. Engaging with both the critique of the welfare state and the subsequent policy responses, expert contributors in this book examine contractualism as a discourse, comprising principles and justifying ideas, and as a legal and social practice. Covering the international debate on conditionality they discuss European experiences with active social citizenship ideas and contractualism providing individual case studies and comparisons from a wide range of European countries.

Author : Ben Spies-Butcher
Publisher : Anthem Press
Page : 142 pages
File Size : 47,9 Mb
Release : 2023-10-03
Category : Political Science
ISBN : 9781839988417

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Politics, Inequality and the Australian Welfare State After Liberalisation by Ben Spies-Butcher Pdf

Neoliberalism has transformed work, welfare, and democracy. However, its impacts, and its future, are more complex than we often imagine. Alongside growing inequality, social spending has been rising. Medicare was entrenched alongside privatization. How do we understand this contradictory politics, and what opportunities are there to advance equality? This book takes the three big drivers of inequality – conditionality of benefits, marketisation of services and financialisation of the life course– to explore how inequality has been contested. Alongside the rise of the market, it reveals the building blocks of a more egalitarian order and opportunities for new models of solidarity based on an ethic of care.

Author : Gianni Nicolini,Brenda J. Cude
Publisher : Routledge
Page : 560 pages
File Size : 43,9 Mb
Release : 2021-12-30
Category : Business & Economics
ISBN : 9781000487848

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The Routledge Handbook of Financial Literacy by Gianni Nicolini,Brenda J. Cude Pdf

Financial literacy and financial education are not new topics, even though interest in these topics among policymakers, financial authorities, and academics continues to grow. The Routledge Handbook of Financial Literacy provides a comprehensive reference work that addresses both research perspectives and practical applications to financial education. This is the first volume to summarize the milestones of research in financial literacy from multiple perspectives to offer an overview. The book is organized into six parts. The first three parts provide a conceptual framework, which discusses what financial literacy is, how it should be measured, and explains why it represents a relevant topic and effective tool in enhancing decision-making among consumers as well as consumer protection strategies. Part IV addresses the connection between financial education and financial literacy, with chapters about financial education in school settings as well as for adults. This part includes an analysis of the role of Fintech and the use of gamification in financial education. Part V is a collection of contributions that analyze financial literacy and financial education around the world, with a focus on geographical areas including the U.S., South America, Western Europe, Eastern Europe, Asia, and Africa. This part also considers how financial literacy should be addressed in the case of Islamic finance. The concluding part of the book examines how financial literacy is related to other possible approaches to consumer finance and consumer protection, addressing the relationships between financial literacy and behavioral economics, financial well-being, and financial inclusion. This volume is an indispensable reference for scholars who are new to the topic, including undergraduate and graduate students, and for experienced researchers who wish to enrich their knowledge, policymakers seeking a broader understanding and an international perspective, and practitioners who seek knowledge of best practices as well as innovative approaches.