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Table of Contents


Who is this book for?

Supplementary materials to support book chapters

• Retirement blogs

Personal risk management issues in specific life domains

• Progress in demographic analysis methods

• Send your suggestions to improve this site


Retirement related papers




"Personal risk management issues in specific life domains" is the title of a new section of this author's support website for  Key Demographics in Retirement Risk Management. This new section comprises a series of theoretical and empirical texts that address aspects of and issues in personal risk management within specific life domains, including attention to related issues in other life domains.

Although everyone is aware of widespread personal risk management behaviors connected with particular kinds of pitfalls, such as lung cancer linked to smoking behavior or diabetes that can be traced to eating behavior, there is a particular dimension of behavior that merits work in social science.  This dimension is the approach taken by people towards linkages among potential pitfalls (also called "cascades of risk") in their lives, or in the lives of their loved ones, and the implications of these linkages for the design of their risk management responses.  For example, how much are people aware of and attentive to these linkages?  And if they are attentive, how much does the attention affect their personal integration of separate risk management responses?

Questions such as those and their potential answers led to the development of the concept of comprehensive personal risk management (CPRM).  The text that reflects initial thinking concerning CPRM is spread across Chapter 1 and the theoretical sections of Chapters 5 and 6 of Key Demographics in Retirement Risk Management. The new web site section announced above represents a new approach — there is a broadened theoretical framework, where CPRM is just one component. (Click here to go to the Table of Contents for this new section.)

Some initial thoughts about this broadened theoretical framework are now available in a paper that you can obtain as a PDF file by clicking on the link below.

Here are some highlights from that paper.
• Definitions of "risk" and "risk management" are provided and made specific to our universe of discourse.
• I introduce Professor Gerd Gigerenzer's concept of risk literacy, which he says is highly desirable for living in the 21st century (he is,Director of the Center for Adaptive Behaviour and Cognition at the Max Planck Institute for Human Development, and a former Professor of Psychology at University of Chicago).
• I raise three questions that should drive the work in behavioral studies:
(1) What do people know about risk management activity in specific life domain X, as well as about linking risk management activity in domain X to such activities in other domains?
(2) How attentive are they to what might seem to be requirements for engaging in risk management activities?
(3) What are they actually doing when they carry out such activities?
• One practical aspect of these questions involves attributes of persons who are doing well, or doing poorly, regarding risk management activities in particular life domains where linkages with other domains are important.
• I mention some of the life domains of interest and provide a matrix that points to linkages among them.
• I discuss the question of whether physical and mental fitness, as well as social interconnectedness, should be treated as sub-domains of the health life domain, noting that the answer depends on how "health" is defined.
• If we focus upon absence of disease when thinking about health, then it seems advisable to treat as highly overlapping life domains such matters as bone density, vision efficacy, hearing capacity, and cognitive power. A person may seem healthy and yet be quite weak in performance on all four of these topics

As you will note, there is no rocket science here.  I am just setting up a framework within which to address different sets of linked risk management issues, pointing to theory and research issues about the pertinent population behaviors. Click here to get the full paper.

Parts of the central thesis of Key Demographics in Retirement Risk Management are to be found in text segments spread across Chapters 1, 4, 5 and 6. Researchers, educators and graduate students concerned retirement issues, as well as financial advisors and retirement planners concerned with retirement planning risks, will find in these chapters other details relevant to their work. Persons in these groups should click here for more more information.


Note: You will find chapter titles at the bottom of the Springer main page for this book. At that page, click on "Read online" to go a page with the detailed table of contents, and an opportnity to see segments of the text.





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Our retirement blogs are designed to be educational, and to provide hard-to-find and useful information often supported by innovative 'mining' of microdata files. They will address issues linked to persons' later-life transitions, one of which is retirement from a job and eventual final departture from the labour market. Encountering later-life trasnitions and their attendant risks is inevitable for members of aging cohorts, and these blogs deal with aspects of these risks and related risk management strategies. I hope you will find something useful among these texts.Click here >->"Retirement blogs" to see all the earlier blogs.

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(c) 2012 Leroy O. Stone. All rights reserved.