Publications

How Persistent Low Returns Will Shape Saving and Retirement

Olivia S. Mitchell, Robert Clark, and Raimond Maurer
August 2018 · Oxford University Press
ISBN-978-019-8-82744-3

Financial market developments over the past decade have undermined what was once thought to be conventional wisdom about saving, investment, and retirement spending. How Persistent Low Returns Will Shape Saving and Retirement explores how the weak capital market performance predicted for the next several years will shape pension saving, investment, and decumulation plans. Academics, policymakers, and industry leaders debate alternative strategies to cope with these challenges globally, as economic growth remains slow and low returns become the ‘new normal.’