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|z 9781484366837
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|a 1018-5941
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|a Guo, Si.
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|a Self-insurance Against Natural Disasters :
|b The Use of Pension Funds in Pacific Island Countries /
|c Si Guo, Futoshi Narita.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2018.
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|a 1 online resource (22 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a 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, we provide 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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|a Mode of access: Internet
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|a Narita, Futoshi.
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|a IMF Working Papers; Working Paper ;
|v No. 2018/155
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2018/155/001.2018.issue-155-en.xml
|z IMF e-Library
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