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Securing Lifelong Retirement Income: Global Annuity Markets and Policy

Olivia S. Mitchell, John Piggott, and Noriyuki Takayama

Abstract

Interest in longevity and longevity risk management is burgeoning, as government and regulatory agencies are increasingly conscious of the potential risks and benefits of longer life spans. Commercial and industrial organizations, especially within the financial sector, are awakening to the opportunities presented by population aging, along with the new array of financial insurance instruments to manage longevity risk which more sophisticated markets are making possible. This volume explores three main themes: the need for products to manage longevity risk, the structure and safety of financia ... More

Keywords: annuities, longevity risk, demographic change, insurance, pensions, social insurance

Bibliographic Information

Print publication date: 2011 Print ISBN-13: 9780199594849
Published to Oxford Scholarship Online: September 2011 DOI:10.1093/acprof:oso/9780199594849.001.0001

Authors

Affiliations are at time of print publication.

Olivia S. Mitchell, editor
Executive Director of the Pension Research Council, Wharton School, University of Pennsylvania
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John Piggott, editor
Professor of Economics, Australian School of Business, University of New South Wales
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Noriyuki Takayama, author
Professor, Institute of Economic Research, Hitotsubashi University, Tokyo
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