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Working Papers

2011Mar
Fiscal growth

Chao Qiao and Michael Sherris

Group Self-annuitisation Schemes (GSAs), or Pooled Annuity Schemes, are designed to share uncertain future mortality experience including systematic improvements.

2011Mar
Female colleagues collaborating

Shu Su and Michael Sherris

Heterogeneity in mortality rates is known to exist in populations, undermining the use of age and sex as the only rating factors for life insurance and annuity products

2011Mar
Elderly couple researching pension options

Erik Hernaes, John Piggott, Ola Lotherington Vestad and Tao Zhang

This paper revisits the question of whether defined benefit pension plans inhibit labour mobility.

2011Feb
Colleagues analysing data

Juergen Jung and Chung Tran

In this paper we develop a stochastic dynamic general equilibrium overlapping gener ations (OLG) model with endogenous health capital to study the macroeconomic effects of the Affordable Care Act of March 2010 also known as the Obama health care reform.

2011Jan
Financial growth

Renuka Sane and John Piggott

Many countries have policies offering transfers or other entitlements, subject to a resources test.