Migrating with Black Swans: Climate Risk and Retirement Planning

Posted: 21 May 2019

See all articles by John B. Mitchell

John B. Mitchell

Central Michigan University - Department of Finance and Law

Date Written: June 1, 2016

Abstract

This paper summarizes scientific thought on the likelihood of Climate Change and explores potential implications for retirement planning. The thoughts of several authors are combined to place Climate Change risk within the context of Black Swans and Deep Risk and describe implications for retirees migrating through the retirement phase of their life. Evidence of Climate Change and its economic implications are presented and the case made that even those who doubt the likelihood of Climate Change should consider potential climate risk. Suggestions are made for how financial planners should prepare themselves, and their clients, for climate risks.

Keywords: Climate change, retirement planning

JEL Classification: G12, H31, J26, Q2, Q3

Suggested Citation

Mitchell, John B., Migrating with Black Swans: Climate Risk and Retirement Planning (June 1, 2016). https://doi.org/10.3905/jor.2016.4.2.024. Available at SSRN: https://ssrn.com/abstract=2664374 or http://dx.doi.org/10.2139/ssrn.2664374

John B. Mitchell (Contact Author)

Central Michigan University - Department of Finance and Law ( email )

328 Sloan Hall
Mount Pleasant, MI 48859
989-774-3651 (Phone)

Register to save articles to
your library

Register

Paper statistics

Abstract Views
821
PlumX Metrics