{"product_id":"pension-fund-risk-management-marco-micocci-9781439817520","title":"Pension Fund Risk Management: Financial and Actuarial Modeling","description":"\u003cp\u003eAs pension fund systems decrease and dependency ratios increase, risk management is becoming more complex in public and private pension plans. \u003cstrong\u003ePension Fund Risk Management: Financial and Actuarial Modeling\u003c\/strong\u003e sheds new light on the current state of pension fund risk management and provides new technical tools for addressing pension risk from an integrated point of view.\u003c\/p\u003e\u003cp\u003eDivided into four parts, the book first presents the correct measurement of risk in pension funds, fund dynamics under a performance-oriented arrangement, an attribution model for monitoring the performance and risk of a defined benefit (DB) pension fund, and an optimal investment problem of a defined contribution (DC) pension fund under inflationary risk. It also describes a pension plan from a dynamic optimization viewpoint, the optimal asset allocation of U.S. pension funds, the identification of stakeholders' risks, value-at-risk (VaR) methodology, and various effects on the asset allocation of DB pension schemes.\u003c\/p\u003e\u003cp\u003eThe second section focuses on the effects of uncertainty on employer-provided DB private pension plan liabilities; wage-based lump sum payments by death, retirement, or dismissal by the employer; fundamental retirement changes; occupational pension insurance in Germany; and longevity risk securitization in pension schemes.\u003c\/p\u003e\u003cp\u003eIn the third part, the book examines employers' risks, accountability rules and regulations, useful actuarial analysis instruments, risk-based solvency regime in the Netherlands, and the impact of the 2008 global financial crisis on pension participants.\u003c\/p\u003e\u003cp\u003eThe final part covers DB pension freezes and terminations of plans, the two-pillar social security system of Italy, the Greek social security system, the effect of a company's unfunded pension liabilities on its stock market valuation, and the returns of Spanish balanced pension plans and portfolio performance.\u003c\/p\u003e\u003cp\u003eWith contributions from well-known, international academics and professionals, this book will assist pension fund executives, risk managers, consultants, and academic researchers in attaining a clear picture of the integration of risks in the pension world. It offers a comprehensive, contemporary account of how to handle the risks involved with pension funds.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Marco Micocci\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1439817529\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781439817520\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e CRC Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 01\/01\/2010\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 764\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 2.65lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.30h x 6.20w x 1.70d\u003cbr\u003e\u003cbr\u003e\u003cb\u003eReview Citation(s): \u003c\/b\u003e\u003cbr\u003e\u003ci\u003eReference and Research Bk News\u003c\/i\u003e 05\/01\/2010 pg. 115","brand":"Marco Micocci","offers":[{"title":"Hardcover","offer_id":48088266899711,"sku":"9781439817520","price":250.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_07959bf5-66cc-4d6d-aa18-71a32f1052a8.jpg?v=1769103962","url":"https:\/\/www.whiterainbookhouse.com\/products\/pension-fund-risk-management-marco-micocci-9781439817520","provider":"WR Book House","version":"1.0","type":"link"}