Living Longer on Less

Economic security for seniors was built on the three-legged stool of retirement (Social Security, pensions, and savings) at the core of the social contract that rewards a lifetime of productivity. Economic security of seniors, however, is being challenged by two simultaneously occurring trends: a weakening of the three legs of retirement security income and dramatically increasing expenses, such as for healthcare and housing. This report examines the long-term economic security of seniors, depicts current trends and suggests policies promoting the enduring well-being of seniors. Particular areas of vulnerability include: Housing45% of senior households spend nearly a third of their income on housing. 31% either rent or have no home equity to draw on in tough times; Healthcare40% of senior households spend more than 15% of their income on healthcare;Budgets1 in 3 senior households has no money whatsoever left over after meeting essential expenses;AssetsMore than half of all senior households (54 percent) do not have sufficient financial resources to meet median projected expenses based on their current financial net worth, projected Social Security, and pension incomes

A Note on Contingent Claims Pricing with Non-Traded Assets

One of the main objections to applying contingent claims analysis outside the area of derivatives pricing, such as to the pricing of corporate (or sovereign) debt, has been that it is not possible to trade in the relevant state variable, e.g. the assets of a firm. Consequently, replicating portfolios can not be formed and preference free pricing does not result. The aim of this paper is to show that assuming traded assets, as is routinely done, is inconsistent with the presence of stocks and bonds. It is also unnecessary. We argue that a superior alternative to obtain a complete markets setting, is to assume that at least one of the firm's securities, e.g. equity, is traded.corporate bonds; real options; contingent claims; traded assets; underlying assets.

Trends in asset-security reforms: legal transplants and the conflict between civil law and common law systems

This paper looks at the legal position in Jersey with respect to the classification of property and the types of security generally available. It then looks at the specific position of security over tangible movables, which are expected to form part of the next wave of reforms to asset-security rules in Jersey. It then suggests some comparators for reform and useful models. It concludes with a brief discussion of the issue of legal transplants and the tension in law reform initiatives

Pengaruh Inventarisasi Aset, Penggunaan Aset, Pengamanan Dan Pemeliharaan Aset Terhadap Optimalisasi Aset Tetap Tanah Melalui Pemanfaatan Aset Pada Pemerintah Kabupaten Malang

In the era of national transformation and regional autonomy, there have been many breakthroughs in the management of land fixed assets, but many financial problems and land assets have not been implemented optimally, effectively and efficiently in their management. This study was used to analyze the effect of asset management on the optimization of fixed land assets in Malang Regency Government. The independent variables used in this study were asset inventory, asset use, asset security, and maintenance, while the dependent variable used asset utilization and asset optimization with a sample of 62 respondents. This type of research is quantitative using multiple regression analysis and path analysis method. The results showed that there was an indirect effect of asset inventory, asset use, and asset security and maintenance on asset optimization through asset utilization where security and asset maintenance had a significant and positive effect, while asset inventory and asset use had no effect on asset optimization. The direct effect of asset inventory, asset use, asset security, and maintenance on asset optimization shows that asset inventory and asset security have a significant and positive effect on asset optimization, while asset use has no effect on asset optimization. In addition, asset utilization has a significant and positive effect on asset optimization

Australian commercial-critical infrastructure management protection

Secure management of Australia\u27s commercial critical infrastructure presents ongoing challenges to owners and the government. Although managed via a high-level information sharing collaboration of government and business, critical infrastructure protection is further complicated by the lack of a lower-level scalable model exhibiting its various levels, sectors and sub-sectors. This research builds on the work of Marasea (2003) to establish a descriptive critical infrastructure model and also considers the influence and proposed modelling of critical infrastructure dependency inter-relationships.<br /

Strategic Philanthropy Integrating Investments In Asset Building: A Framework for Impact

Despite philanthropy's commitments to improve family economic security, stability, and growth, a lack of cross-sector collaboration limits the impacts including constrained public resources and siloed programmatic services. A new approach to address these challenges is the development of a framework that can more effectively tie together and shape the disparate policies, investment structures, practices, and stakeholders to leverage resources and impacts. The strategic framework of asset development helps to create an effective, integrated, and sustainable system, enabling families to move through safety nets into financial security and opportunity. Asset building integration shifts investment goals from remedying deficiencies to building on strengths by increasing capability, access, and opportunity. It enables foundations to integrate and expand the scope, scale, and long-term impact of their work, shifting the focus from families' vulnerabilities to their opportunities for success. This paper provides compelling evidence about how funders are applying this strategic approach to effect greater social and economic impact