Stakeholders in pension finance

Ling-Ni Boon

Research output: ThesisDoctoral Thesis

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Abstract

This dissertation examines three stakeholders in pension finance: the individual, the policymaker, and the pension provider (e.g., an insurer or a pension fund). In a setting beset by unforeseen financial market circumstances and demographic changes that disfavor financial security in retirement, a re-evaluation of these stakeholders' role is necessary. We explore the regulation and design of retirement plans by incorporating features that characterize the future retirement landscape, such as the increasing burden of risk borne by the individual, and the potential involvement of market investors in the provision of retirement contracts. The implications of our findings encompass guidance for individuals in managing longevity risk, evaluation of the appeal of longevity risk exposure to investors, insights on contract design for the pension provider, and proposals to the policymaker on regulatory measures that foster a sustainable retirement environment.
Original languageEnglish
QualificationJoint degree
Awarding Institution
  • Tilburg University
  • Université Paris Dauphine
Supervisors/Advisors
  • Werker, Bas, Promotor
  • Gress, Carole, Promotor, External person
  • Brière, Marie, Co-promotor, External person
Award date6 Sep 2017
Place of PublicationTilburg
Publisher
Print ISBNs9789056685195
Publication statusPublished - 2017

Fingerprint

Finance
Stakeholders
Retirement
Pensions
Politicians
Longevity risk
Investors
Contract design
Guidance
Burden
Financial markets
Financial security
Pension funds
Evaluation
Demographic change
Insurer
Risk exposure
Risk evaluation

Cite this

Boon, L-N. (2017). Stakeholders in pension finance. Tilburg: CentER, Center for Economic Research.
Boon, Ling-Ni. / Stakeholders in pension finance. Tilburg : CentER, Center for Economic Research, 2017. 187 p.
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Boon, L-N 2017, 'Stakeholders in pension finance', Joint degree, Tilburg University, Tilburg.

Stakeholders in pension finance. / Boon, Ling-Ni.

Tilburg : CentER, Center for Economic Research, 2017. 187 p.

Research output: ThesisDoctoral Thesis

TY - THES

T1 - Stakeholders in pension finance

AU - Boon, Ling-Ni

PY - 2017

Y1 - 2017

N2 - This dissertation examines three stakeholders in pension finance: the individual, the policymaker, and the pension provider (e.g., an insurer or a pension fund). In a setting beset by unforeseen financial market circumstances and demographic changes that disfavor financial security in retirement, a re-evaluation of these stakeholders' role is necessary. We explore the regulation and design of retirement plans by incorporating features that characterize the future retirement landscape, such as the increasing burden of risk borne by the individual, and the potential involvement of market investors in the provision of retirement contracts. The implications of our findings encompass guidance for individuals in managing longevity risk, evaluation of the appeal of longevity risk exposure to investors, insights on contract design for the pension provider, and proposals to the policymaker on regulatory measures that foster a sustainable retirement environment.

AB - This dissertation examines three stakeholders in pension finance: the individual, the policymaker, and the pension provider (e.g., an insurer or a pension fund). In a setting beset by unforeseen financial market circumstances and demographic changes that disfavor financial security in retirement, a re-evaluation of these stakeholders' role is necessary. We explore the regulation and design of retirement plans by incorporating features that characterize the future retirement landscape, such as the increasing burden of risk borne by the individual, and the potential involvement of market investors in the provision of retirement contracts. The implications of our findings encompass guidance for individuals in managing longevity risk, evaluation of the appeal of longevity risk exposure to investors, insights on contract design for the pension provider, and proposals to the policymaker on regulatory measures that foster a sustainable retirement environment.

M3 - Doctoral Thesis

SN - 9789056685195

T3 - CentER Dissertation Series

PB - CentER, Center for Economic Research

CY - Tilburg

ER -

Boon L-N. Stakeholders in pension finance. Tilburg: CentER, Center for Economic Research, 2017. 187 p. (CentER Dissertation Series).