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Working Papers

2017Dec
Elderly couple researching pension options

Jennifer Alonso-García, Hazel Bateman, Johan Bonekamp, Arthur van Soest and Ralph Stevens

Using an online experimental survey, we investigate the importance of rational and psychological motives for saving in retirement for soon to be retired individuals.

2017Dec
Researchers examining data online

Robert Holzmann, Jennifer Alonso-García, Heloise Labit-Hardy, and Andrés M. Villegas

This paper explores five key mechanisms of compensation: individualized annuities; individualized contribution rates/account allocations; a two-tier contribution structure with socialized and individual rate structure; and two supplementary approaches under the two-tier approach to deal with the income distribution tails, and the distortions above a ceiling and below a floor.

2017Oct
Colleagues discussing ageing research

Ermanno Pitacco

These Lecture Notes aim at introducing technical and financial aspects of the life annuity products, with a special emphasis on the actuarial valuation of life annuity benefits. 

2017Sep
Aged care support

Elena Capatina, Michael Keane, and Shiko Maruyama

In the US healthcare system, patients of different socio-economic status (SES) often receive disparate treatment for similar conditions. Prior work documents this phenomenon for particular treatments/conditions, but we take a system-wide view and examine socio-economic disparities in spending for all medical conditions at the 3-digit ICD-9 level. 

2017Sep
Elderly couple enjoying life

Bei Lu, John Piggott, and Bingwen Zheng

This paper discusses the potential expansion of the role of the Notional Defined Contribution paradigm in the ongoing reforms of retirement provision in China. China has remarkably high nominal retirement coverage of its population. At the same time, however, issues of sustainability, equity and governance are challenging and real.

2017Sep
Financial prosperity

Chung Tran and Sebastian Wender

We quantify marginal excess buden, defined as the change in deadweight loss for an addional dollar of tax revenue, for different taxes.

2017Aug
Content pensioners

Han Li, Katja Hanewald and Shang Wu

In this paper, we provide a province-by-province analysis of healthy life expectancy at birth for China. We develop a predictive multiple regression model utilizing information on life expectancy, health and socio-economic factors to estimate healthy life expectancy for Chinese provinces. 

2017Aug
Couple examining pension options

Jennifer Alonso-Garcia and Michael Sherris.

We analyze the impact of various popular product choices in the Netherlands and in Australia on the welfare of individuals allowing for different income levels.

2017Jul
Cepar Pensioners

Jennifer Alonso-García and Pierre Devolder

Notional Defined Contribution pension schemes are defined contribution plans which are pay-as-you-go financed. We study how the scheme should be designed to achieve liquidity and solvency with a limited set of assumptions in a continuous overlapping generations model that increases traceability of the results.