You are here

Working Papers

2016Jul
Man accessing data on his laptop

Shang Wu, Hazel Bateman and Ralph Stevens

Whereas there is ample evidence that life-contingent income products (life annuities) have the potential to improve individual welfare, combining them with health-contingent income products (resulting in so-called life care annuities) would serve to further increase welfare for individuals who are exposed to uncertain out-of-pocket healthcare expenditure later in life.

2016Jun
Financial growth

Monisankar Bishnu, Cagri S. Kumru and Arm Nakornthab

In this paper we derive the expression for optimal inheritance tax when agents' preferences are subject to temptation and self control problem.

2016May
Man accessing data on his laptop

Hazel Bateman, Isabella Dobrescu, Ben R. Newell, Andreas Ortmann and Susan Thorp

Short, standardized financial product disclosures should make comparisons easier, support better choices and reduce welfare losses. Using incentivized experiments, we investigate how and when prescribed fee and return information in standardized disclosures prompt efficient switches between retirement plans.

2016Apr
Sydney, Australia

Heather Booth, Leonie Tickle and Jiaying Zhao

Mortality change in Australia since 1907 is analysed in the light of Epidemiologic Transition theory. Australia began the twentieth century in the second age of the Epidemiologic Transition, the Age of Receding Pandemics.

2016Apr
Healthy elderly couple

George Kudrna

Population ageing, a demographic transition that will accelerate in NSW over the next few decades, is creating economic opportunities as well as significant challenges for the NSW economy and the state government.

2016Mar
Students discussing insurance research

Juergen Jung and Chung Tran

We quantitatively explore the welfare implications of three common approaches to providing social health insurance: (i) a mix of private and public health insurance (US-style), (ii) compulsory universal public health insurance (UPHI), and (iii) private health insurance for workers combined with government subsidies and price regulation.

2016Feb
Students collaborating

Zixi Li, Adam W. Shao and Michael Sherris

Multiple state functional disability models do not generally include systematic trend and uncertainty. We develop and estimate a multi-state latent factor intensity model with transition and recovery rates depending on a stochastic frailty factor to capture trend and uncertainty.

2016Feb
Student engaging with data

Cagri Kumru and Arm Nakornthab

We study the interaction between estate taxation and annuity demand both analytically and quantitatively. Our quantitative model is rich enough to capture the important features of the economy such as business investment, borrowing constraints, estate transmission, and wealth inequality.

2016Feb
Electronic data

Rafal Chomik and John Piggott

This paper offers a discussion of adequacy of retirement benefits. We have the Australian context in mind, but introduce extensive international comparisons to provide perspective.