Extreme Risks and the Retirement Anomaly

Le résumé fourni par la source

This chapter examines a number of extreme risks facing pension systems. The focus is more on non-economic risks, since these have tended to receive less attention than the more obvious financial and economic risks. However, there is one economic risk that the chapter suggests is not getting enough attention, namely, whether it is possible for society to provide the sort of retirement to which its citizens aspire. The current consensus, among practitioners if not the general population, is that it is necessary for people to save more for their retirement, unless they are willing to work until they are very old.

Ce résumé expose les affirmations des auteurs. BNTIC ne l’interprète pas comme une validation indépendante des résultats.