Skip to main content

Main menu

  • Home
  • Current Issue
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About JOR
    • Editorial Board
    • Published Ahead of Print (PAP)
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

User menu

  • Sample our Content
  • Request a Demo
  • Log in

Search

  • ADVANCED SEARCH: Discover more content by journal, author or time frame
The Journal of Retirement
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • Sample our Content
  • Request a Demo
  • Log in
The Journal of Retirement

The Journal of Retirement

ADVANCED SEARCH: Discover more content by journal, author or time frame

  • Home
  • Current Issue
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About JOR
    • Editorial Board
    • Published Ahead of Print (PAP)
  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter
Article

Migrating with Black Swans: Climate Risk and
Retirement Planning

John B. Mitchell
The Journal of Retirement Fall 2016, 4 (2) 24-36; DOI: https://doi.org/10.3905/jor.2016.4.2.024
John B. Mitchell
is a professor of finance at Central Michigan University in Mt. Pleasant, MI.
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • For correspondence: mitch1jb@cmich.edu
  • Article
  • Info & Metrics
  • PDF (Subscribers Only)
Loading

Click to login and read the full article.

Don’t have access? Click here to request a demo 

Alternatively, Call a member of the team to discuss membership options
US and Overseas: +1 646-931-9045
UK: 0207 139 1600

Abstract

This article combines the thoughts of several authors to describe the migration of retirees through the retirement phase of their lives during a time of climate change. Taleb [2007] introduced the concept of the Black Swan, the (hopefully) infrequent but significant disruption of investment returns. Bernstein [2013] discussed sources of risk in portfolio design and the concept of deep risk, the long-term loss of real capital. Frank, Mitchell, and Blanchett [2012], among others, demonstrated how retirees move through retirement, frequently adjusting to changes in market performance and personal expectations of longevity. Nordhaus [2013] investigated the potential effects of climate change on economic performance and equity returns. The Intergovernmental Panel on Climate Change reports outlined many of the possible underlying climate changes that are likely to drive these risks and necessitate adjustment on the part of retirees. These sources, and others, motivate this article’s exploration of climate change, its economic implications, and how retirees might cope as they migrate through their final years. Suggestions are made for how financial planners should prepare themselves and their clients for climate change–related risks.

  • © 2016 Pageant Media Ltd
View Full Text

Don’t have access? Click here to request a demo

Alternatively, Call a member of the team to discuss membership options

US and Overseas: +1 646-931-9045

UK: 0207 139 1600

Log in using your username and password

Forgot your user name or password?
PreviousNext
Back to top

Explore our content to discover more relevant research

  • By topic
  • Across journals
  • From the experts
  • Monthly highlights
  • Special collections

In this issue

The Journal of Retirement: 4 (2)
The Journal of Retirement
Vol. 4, Issue 2
Fall 2016
  • Table of Contents
  • Index by author
Print
Download PDF
Article Alerts
Sign In to Email Alerts with your Email Address
Email Article

Thank you for your interest in spreading the word on The Journal of Retirement.

NOTE: We only request your email address so that the person you are recommending the page to knows that you wanted them to see it, and that it is not junk mail. We do not capture any email address.

Enter multiple addresses on separate lines or separate them with commas.
Migrating with Black Swans: Climate Risk and Retirement Planning
(Your Name) has sent you a message from The Journal of Retirement
(Your Name) thought you would like to see the The Journal of Retirement web site.
CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
Citation Tools
Migrating with Black Swans: Climate Risk and
Retirement Planning
John B. Mitchell
The Journal of Retirement Oct 2016, 4 (2) 24-36; DOI: 10.3905/jor.2016.4.2.024

Citation Manager Formats

  • BibTeX
  • Bookends
  • EasyBib
  • EndNote (tagged)
  • EndNote 8 (xml)
  • Medlars
  • Mendeley
  • Papers
  • RefWorks Tagged
  • Ref Manager
  • RIS
  • Zotero
Save To My Folders
Share
Migrating with Black Swans: Climate Risk and
Retirement Planning
John B. Mitchell
The Journal of Retirement Oct 2016, 4 (2) 24-36; DOI: 10.3905/jor.2016.4.2.024
del.icio.us logo Digg logo Reddit logo Twitter logo CiteULike logo Facebook logo Google logo LinkedIn logo Mendeley logo
Tweet Widget Facebook Like LinkedIn logo

Jump to section

  • Article
    • Abstract
    • AN EVOLUTION OF THOUGHT
    • EVIDENCE OF CHANGE
    • THE NATURE OF CLIMATE CHANGE
    • ECONOMIC IMPLICATIONS
    • KURTOSIS, KURTOSIS, KURTOSIS
    • THE BLACK SWANS OF CLIMATE CHANGE
    • CLIMATE RISK AND RETIREMENT PLANNING RESEARCH
    • BUILDING CLIMATE RISK INTO RETIREMENT PLANNING: WHAT SHOULD RETIREES DO TODAY?
    • CONCLUSIONS
    • ENDNOTES
    • REFERENCES
  • Info & Metrics
  • PDF (Subscribers Only)
  • PDF (Subscribers Only)

Similar Articles

Cited By...

  • No citing articles found.
  • Google Scholar

More in this TOC Section

  • Editor’s Letter
  • BOOK REVIEW: Is There a Retirement Crisis? An Exploration of the Current Debate
  • Editor’s Letter
Show more Article
LONDON
One London Wall, London, EC2Y 5EA
United Kingdom
+44 207 139 1600
 
NEW YORK
41 Madison Avenue, New York, NY 10010
USA
+1 646 931 9045
pm-research@pageantmedia.com
 

Stay Connected

  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

MORE FROM PMR

  • Home
  • Awards
  • Investment Guides
  • Videos
  • About PMR

INFORMATION FOR

  • Academics
  • Agents
  • Authors
  • Content Usage Terms

GET INVOLVED

  • Advertise
  • Publish
  • Article Licensing
  • Contact Us
  • Subscribe Now
  • Log In
  • Update your profile
  • Give us your feedback

© 2021 Pageant Media Ltd | All Rights Reserved | ISSN: 2326-6899 | E-ISSN: 2326-6902

  • Site Map
  • Terms & Conditions
  • Cookies
  • Privacy Policy