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Self insurance Against Natural Disasters The Use of Pension Funds in Pacific Island Countries Book PDF Summary

Pacific island countries are exposed to significant risks from natural disasters. As a disaster relief measure, Fiji allowed pre-retirement pension withdrawls in the wake of Cyclone Winston in 2016. Motivated by this policy action, we provide a normative analysis of the use of early pension withdrawals after disasters, by setting up a life-cycle saving model with myopic households facing large natural disaster shocks. The model demonstrates the key trade-off between building up sufficient retirement savings and ensuring the access to savings against natural disaster shocks, and sheds light on welfare implications of early pension withdrawals.

Detail Book of Self insurance Against Natural Disasters The Use of Pension Funds in Pacific Island Countries PDF

Self insurance Against Natural Disasters  The Use of Pension Funds in Pacific Island Countries
  • Author : Mr.Si Guo
  • Release : 06 July 2018
  • Publisher : International Monetary Fund
  • ISBN : 9781484366837
  • Genre : Business & Economics
  • Total Page : 22 pages
  • Language : English
  • PDF File Size : 14,5 Mb

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