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Financial engineering for Australian annuitants

In: Retirement Provision in Scary Markets

Author

Listed:
  • Susan Thorp
  • Geoffrey Kingston
  • Hazel Bateman

Abstract

The past few decades have witnessed a global move towards private provision for retirement through individual defined contribution pensions at the expense of publicly provided and employer-sponsored defined benefit pensions. As a consequence, workers and retirees are becoming increasingly exposed to uncertainties in financial, labour and economic markets. The contributors to this book analyse the implications for retirement income policy, workers and retirees in view of the current climate of heightened exposure to scary markets. The implications of a broad range of scary market scenarios are presented, and novel solutions prescribed. Retirement incomes across a number of countries including the US, the UK, Japan and Australia are explored.

Suggested Citation

  • Susan Thorp & Geoffrey Kingston & Hazel Bateman, 2007. "Financial engineering for Australian annuitants," Chapters, in: Hazel Bateman (ed.), Retirement Provision in Scary Markets, chapter 7, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:3489_7
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    File URL: https://www.elgaronline.com/view/9781843769064.00011.xml
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    Citations

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    Cited by:

    1. Andréasson, Johan G. & Shevchenko, Pavel V. & Novikov, Alex, 2017. "Optimal consumption, investment and housing with means-tested public pension in retirement," Insurance: Mathematics and Economics, Elsevier, vol. 75(C), pages 32-47.
    2. Wen Chen & Nicolas Langren'e, 2020. "Deep neural network for optimal retirement consumption in defined contribution pension system," Papers 2007.09911, arXiv.org, revised Jul 2020.
    3. Butt, Adam & Khemka, Gaurav & Warren, Geoffrey J., 2022. "Heterogeneity in optimal investment and drawdown strategies in retirement," Pacific-Basin Finance Journal, Elsevier, vol. 74(C).

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