Description: This paper examines disincentives for long careers created by Social Security. The paper then discusses the subsequent stress on public and private pension systems caused by increasingly long retirements.

Description: Discussion on Living to 100 Session 4B. Papers presented: Typology and Review of Measures of Human Aging, Longevity and Superlongevity with Applications to US Data and Some Implications for US Public Programs and, Mortality Measurements at Advanced Ages: A Study of the Social Security Master Death File

Description: This is an abstract for the paper, Analysis of Costs for a Chronic Disease with Acute High Cost Episodes by Marjorie Rosenberg and Philip Farrell.

Description: This paper explores the relationship between the Wealth Transfer Index WTI and retirement age, which is the age at which the workers in an economy cease to be economically productive.

Description: The effect on mortality of the reduction in smoking and the increase obesity in the U.S. is estimated based on historical and projected patterns.

Description: This paper suggests that two opposing pressures are at work in the United States. One is the limit to the number of retired adults that the nation can support. The other is the growing diversity of needs and desires of older people and employers. These two opposing pressures will frame the issues of the future.

Description: The underlying premise of this paper is that enterprise risk management (ERM), as it continues to evolve as both a process and a collection of risk management techniques, can benefit from several different (but ultimately somewhat related) “megatrends.” The core of this paper concentrates on the impact on ERM of one of those megatrends: the emergence of a behavioral economics perspective, which is beginning to have a large impact on our understanding of the economy and on certain economic and business processes. The evolution and context of behavioral economics are described, and potential implications for the practice of ERM are discussed. The paper culminates with a variety of specific suggestions for ERM practice in response to findings from behavioral economics research, specifically a number of human cognitive dissonances inconsistent with traditional economic theory.

Description: This paper examines the privatized individual pension accounts that are becoming widespread in a number of Latin American countries, and suggests that the experiences in these countries could offer guidance to other countries considering similar privatization.

Description: This paper proposes a mandatory universal pension system MUPS which would be a system of fully portable IRA accounts piggy-backed on to existing Social Security withholding.

Description: The purpose of this paper is to examine the various profit objectives used in the development of a new product for a stock life insurance company. From Product Development Section Monograph, M-AS99-3.