Abstract
Future research about retirement-related risk management will benefit from improvements in the existing data-gathering initiatives. An important dimension of improvement comprises data to support efforts to measure and analyze competence in comprehensive risk management. Cascades of losses that are linked across multiple financial and nonfinancial domains, along with limited coping resources, lead one to confront the challenges of comprehensive risk management. These challenges prompt questions about adult educational systems in all countries, especially those that experienced substantial postwar baby booms but also others where population aging will eventually increase substantially the ratio of retirees to workers. Below we offer recommendations concerning areas for theory development and data improvement initiatives and raise questions about available educational system offerings.
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Notes
- 1.
Speculative risk, where one hopes for gains, is not considered here.
- 2.
The probabilities apply to that particular respondent, and they depend upon a combination of her or his attributes.
- 3.
The details of this procedure were dropped from the book to save space, but they will be provided on the Internet as a free download for use by students.
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Stone, L.O., Rainville, G., Neumann, B., Jutting, C.(., Hunsley, T. (2012). Epilogue: Lessons and Proposals. In: Stone, L. (eds) Key Demographics in Retirement Risk Management. Springer, Dordrecht. https://doi.org/10.1007/978-94-007-4044-0_8
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