New Models for Managing Longevity Risk: Public-private Partnerships

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Notwithstanding the terrible price the world has paid in the coronavirus pandemic, the fact remains that longevity at older ages is likely to continue to rise in the medium and longer term. This volume explores how the private and public sectors can collaborate via public-private partnerships (PPPs) to develop new mechanisms to reduce older people's risk of outliving their assets in later life. As this volume shows, PPPs typically involve shared government financing alongside private sector partner expertise, management responsibility, and accountability. In addition to offering empirical evidence on examples where this is working well, contributors provide case studies, discuss survey results, and examine a variety of different financial and insurance products to better meet the needs of the aging population. This volume will be informative to researchers, plan sponsors, students, and policymakers seeking to enhance retirement plan offerings.

Olivia S. Mitchell, International Foundation of Employee Benefit Plans Professor, Wharton School of the University of Pennsylvania

Olivia S. Mitchell is the International Foundation of Employee Benefit Plans Professor, Professor of Insurance and Risk Management and Business Economics and Policy, Executive Director of the Pension Research Council, and Director of the Boettner Center on Pensions and Retirement Research, all at The Wharton School of the University of Pennsylvania. She also serves as a Research Associate at the NBER, Independent Director on the Wells Fargo Fund Boards, Co-Investigator for the Health and Retirement Study at the University of Michigan, Executive Board Member for the Michigan Retirement Research Center, and Senior Scholar at the Singapore Management University. Her main interests are public and private pensions, insurance and risk management, financial literacy, and social insurance.