Recreating sustainable retirement : resilience, solvency, and tail risk / edited by Olivia S. Mitchell, Raimond Maurer, and P. Brett Hammond.

Includes bibliographical references and index.

Recreating retirement sustainability / Olivia S. Mitchell and Raimond Maurer -- Managing capital market risk for retirement / Enrico Biffis and Robert Kosowski -- Implications for long-term investors of the shifting distribution of capital market return / James Moore and Niels Pedersen -- Stress testing Monte Carlo assumptions / Marlena I. Lee -- Modeling and management of longevity risk / Andrew Cairns -- Longevity risk management, corporate finance, and sustainable pensions / Guy Coughlan -- Model risk, mortality heterogeneity, and implications for solvency and tail risk / Michael Sherris and Qiming Zhou -- The securitization of longevity risk and its implications for retirement security / Richard MacMinn ... [et al.] -- Evolving roles for pension regulations : toward better risk control? / E. Philip Davis -- Developments in European pension regulation : risks and challenges / Stefan Lundbergh, Ruben Laros, and Laura Rebel -- Extreme risks and the retirement anomaly / Tim Hodgson -- Risk budgeting and longevity insurance : strategies for sustainable defined benefit pension funds / Amy Kessler -- The funding debate : optimizing pension risk within a corporate risk budget / Geoff Bauer ... [et al.].

"The financial crisis and the ensuing Great Recession alerted those seeking to protect old-age security, about the extreme risks confronting the financial and political institutions comprising our retirement system. The workforce of today and tomorrow must count on longer lives and deferred retirement, while at the same time it is taking on increased responsibility for managing retirement risk. This volume explores new ways to think about, manage, and finance longevity risk, capital market risk, model risk, and regulatory risk.The book offers an in-depth analysis of the 'black swans' that threaten private and public pensions around the world such as capital market shocks, surprises to longevity, regulatory/political risk, and errors in modelling, will all have profound consequences for stakeholders ranging from pension plan participants, plan sponsors, policymakers, and those who seek to make retirement more resistant. This book analyzes such challenges to retirement sustainability, and it explores ways to better manage and finance them. Insights provided help build retirement systems capable of withstanding what the future will bring."--Publisher description.