Global Pension Crisis: Unfunded Liabilities and How We Can Fill the Gap (Wiley Finance) - Hardcover

Marin, Richard A.

Hardcover

ISBN 10: 1118582365 ISBN 13: 9781118582367

Publisher: Wiley, 2013

Synopsis

HardCover. Pub Date :2013-09-12 Pages: 240 Language: English Publisher: John Wiley amp A comprehensive look at the crisis of unfunded pension liabilities and what must be done to avoid the same problem in the future As the generational bubble of the Baby Boomers begins to retire. it is increasingly evident that governments. corporations. and individuals have failed to adequately prepare for the obligations and needs of this giant cohort. Retirees are outliving actuarial life expectancies. pension liabilities are skyrocketing. pension plans are underfunded. and medical costs rise. the United States alone can expect unfunded liabilities to exceed 4 trillion. Even while the American economy shows signs of sustained recovery. states and local governments will still experience sharp increases in pension fund payments through the next year or longer. Global Pension Crisis looks at...

About this title

From the Back Cover

Praise for Global Pension Crisis

"The global pension crisis is an increasingly important topic for business school students to understand. It will set the tone for prosperity in the U.S., Europe, Asia, and, in fact, most emerging markets in the coming years."
--Soumitra Dutta, Dean of the Samuel Curtis Johnson Graduate School of Management at Cornell University, and ex-Deputy Dean at INSEAD, France

"Often in his career on Wall Street, Rich Marin proved himself one step ahead of his peers. Now he shares that prescience with us in Global Pension Crisis. He could not have picked a better topic: the perils of underfunded liabilities, once abstract, pose an all-too-real threat to American prosperity. Marin's diagnoses are lucid, right on the mark, and timely. This is a can that can't be kicked down the road any longer."
--Charles Ruffel, Managing Partner, Kudu Advisors LLC

"Marin's highly readable discourse on worldwide pension underfunding hits the trifecta: it is informative, eye-opening, and eminently useful. "
--Stephen Keating, Cofounder, Penbridge Advisors

"Everyone who cares about the pension predicament should read this book and, more importantly, engage with its arguments. They are realistic as well as optimistic, and that is a rare combination in this field."
--Dominic Hobson, Editorial Director, myInvestor Circle

"If you are over 50, the nightmare is the prospect of outliving your savings--the pension crisis. What do we do when we're old? Rich Marin has written an important book on the topic that, uniquely, normal humans will find clear, useful, and actually readable."
--Bo Cutter, Senior Fellow and Director, Economic Policy Initiative, Roosevelt Institute

"The author's background and experience provide him with the tools to analyze and describe the pension problem with the drama that it will have in the years to come. It is time to do something now. A great book for the general public to become aware of the problem."
--Juan Bilbao Hormaeche, Chairman and CEO, Consorcio Financiero SA

"The book offers practical and insightful lessons on Wall Street finance, or more accurately, lessons in the financing of life. Yes, it also does cover well and uniquely the pension crisis."
--Harold Bierman, Jr., Harold Bierman Distinguished Professor of Management, Cornell Univerity

About the Author

Richard A. Marin is a former Wall Street executive who currently serves as President and CEO of the New York Wheel project. He teaches finance and asset management at the Johnson Graduate School of Management at Cornell University, where he is a Clinical Professor of Asset Management. He is the founder of Beehive Ventures, a venture capital fund, and Ironwood Global, a distressed mortgage hedge fund.

About this edition

• Publisher: Wiley
• Publication date: 2013
• ISBN 10: 1118582365
• ISBN 13: 9781118582367
• Binding: Hardcover
• Edition number: 1
• Number of pages: 240