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    Reinventing the Retirement Paradigm (Pensions Research Council) (Hardback) Edited by Robert L. Clark, Edited by Olivia S. Mitchell

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    DescriptionThis book explores how rising pension and healthcare costs, along with workforce aging, are affecting pension and retirement planning around the world. Many middle-aged workers now realize that they will have to work longer than intended, as they begin to recognize that their retirement resources will be inadequate to finance retirement consumption. Volatile capital markets, rising medical-care costs, and low saving rates make retirement behavior and policy a moving target. Olivia Mitchell, executive director of The Pension Research Council at Wharton, and Robert L. Clark, Professor of Business Management and Economics at North Carolina State University, explore these themes with colleagues, touching on a diverse set of issues ranging from employment trends to pension accounting and investment, to retirement system overhaul. They illustrate how employers are actively reformulating the meaning of work and retirement, seeking to encourage more people to work longer than ever before in the face of projected labor shortages. At the same time, public and private trust in traditional pension offerings is rapidly eroding, as companies alter, amend, and terminate their conventional plans in the face of poor investment performance and new methods of pension accounting. Experts from the UK, the US, Japan, Sweden, and Canada offer international perspectives on the evolving institutions of retirement practice. This book provides readers a range of insights and strategies not available in other volumes, and it represents an invaluable addition to the PRC/OUP series. It will be particularly valuable for managers working toward more efficient pension plans; to scholars and policymakers seeking to maximize pension design and effectiveness; and to actuaries and tax specialists concerned with pension regulation. The Pension Research Council at the Wharton School of the University of Pennsylvania was founded 50 years ago to encourage research and teaching on pensions and retirement security. Council projects address the long-term issues that underlie contemporary concerns and seek to broaden public understanding of these complex arrangements through research into their social, economic, legal, actuarial, and financial foundations of privately and publicly-provided benefits.

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  • Full bibliographic data for Reinventing the Retirement Paradigm

    Reinventing the Retirement Paradigm
    Authors and contributors
    Edited by Robert L. Clark, Edited by Olivia S. Mitchell
    Physical properties
    Format: Hardback
    Number of pages: 312
    Width: 163 mm
    Height: 241 mm
    Thickness: 21 mm
    Weight: 601 g
    ISBN 13: 9780199284603
    ISBN 10: 0199284601

    B&T Book Type: NF
    BIC E4L: FIN
    Nielsen BookScan Product Class 3: S4.9
    BIC subject category V2: KFFP
    Warengruppen-Systematik des deutschen Buchhandels: 17810
    DC22: 331.252
    LC subject heading:
    Ingram Subject Code: BC
    Libri: I-BC
    B&T Modifier: Subject Development: 12
    B&T Merchandise Category: UP
    B&T General Subject: 605
    BISAC V2.8: BUS069030, BUS050040
    LC subject heading: ,
    DC22: 331.25/2
    LC classification: HQ1062 .C53 2005
    LC subject heading:
    Thema V1.0: KFFP
    Illustrations note
    numerous tables and line drawings
    Oxford University Press
    Imprint name
    Oxford University Press
    Publication date
    13 October 2005
    Publication City/Country
    Author Information
    Olivia S. Mitchell is Executive Director of the Pension Research Council, Wharton School, University of Pennsylvania ,and the Director of the Boettner Center on Pensions and Retirement Research at the Wharton School. Concurrently Dr. Mitchell is a Research Associate at the National Bureau of Economic Research and a CoInvestigator for the Health and Retirement Study at the University of Michigan. Dr. Mitchell's main areas fo research and teaching are private and public insurance, risk management, public finance and labor markets, and compensation and pensions, with an international focus. She received the BA in Economics from Harvard University and the MA and PhD degrees in Economics from the University of Wisconsin-Madison.
    Table of contents
    PART I: THE STATE OF PLAY ; 1. The Changing Retirement Paradigm ; 2. Looking Backward, Looking Forward: Where is Pension Policy Headed? ; 3. Reality Testing for Pension Reform ; PART II: REDEFINING RETIREMENT ; 4. Older Workers: Employment and Retirement Trends ; 5. Work and Retirement Plans Among Older Americans ; 6. The Future of Pension Plan Design ; 7. Strategies to Retain Older Workers ; 8. Developments in Phased Retirement ; PART III: MANAGING THE RETIREMENT PROMISE ; 9. Educating Pension Plan Participants ; 10. Changes in Accounting Practices Will Drive Pension Paradigm Shifts ; 11. Why Pension Fund Management Needs a Paradigm Shift ; 12. Profitable Prudence: the Case For Public Employer Defined Benefit Plans ; PART IV: IN SEARCH OFF A NEW PENSION PARADIGM: THE GLOBAL OUTLOOK ; 13. The Future of Pensions in Canada ; 14. The Future of Retirement in Sweden ; 15. Risk Management and Pension Plan Choice in Japan