Longevity Risk

As life expectancy increases around the world, investors may soon realize that with longer life also comes a longer liability. Retirement occurs well beyond the "age of 65" as countries around the world increase the retirement ages and eligibility for governmental retirement assistance programs. 2017 Nobel Prizer winner and University of Chicago Booth School of Business Professor Richard Thaler puts it succinctly, "You have to worry about getting unlucky and living to 100."

Rethinking the Equity Risk Premium

P. Brett Hammond, Jr.Martin L. Leibowitz, Laurence B. Siegel Source: The CFA Institute Research Foundation Publications Link to Full Paper. In 2001, a small group of academics and practitioners met to discuss the equity risk premium (ERP). Ten years later, in 2011, a similar discussion took place, with participants writing up their thoughts for this volume. The result is a … Continue reading Rethinking the Equity Risk Premium