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  • Self-insurance against natural disasters: the use of pension funds in Pacific island countries
    https://www.preventionweb.net/go/59511

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Self-insurance against natural disasters: the use of pension funds in Pacific island countries

Source(s):  International Monetary Fund (IMF)

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, this paper provides 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.



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  • Self-insurance against natural disasters: the use of pension funds in Pacific island countries
  • Publication date 2018
  • Author(s) Guo, Si; Narita, Futoshi
  • Number of pages 22 p.

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