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Abstract
Today’s scientific consensus suggests that climate change is real, and some of its effects could be considered “black swans.” The term connotes highly improbable, but profoundly significant events that can affect the economic ground on which we stand.
John B. Mitchell, professor of finance at Central Michigan University explores how climate change may affect both our needs and the resources that are available to cope with potentially dramatic changes in Migrating with Black Swans: Climate Risk and Retirement Planning ; the original article was published in the Fall 2016 issue of The Journal of Retirement .
TOPICS: Retirement, tail risks
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