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Working Papers

2015Jan
Middle aged couple researching online

Heather Booth, Pilar Rioseco and Heather Crawford

This study examines the SN-SRH association through cross-cutting analyses of four demographically-defined groups (Males, Females, Partnered, Unpartnered) and three networks (Family, Friend, Group).

2014Dec
Research colleagues

Rafal Chomik and John Piggott

We briefly compare the Australian and US economies and demographies, and then describe the Australian arrangements and assess its economic efficiency and efficacy in delivering retirement support.

2014Dec
Happy elderly couple

Rafal Chomik and John Piggott

This chapter sets the context for the rest of the volume. The focus is mostly on countries in East and South-East Asia, but it includes contrasting comparisons to key regional countries such as India and Australia.

2014Dec
Elderly friends enjoying life

George Kudrna

This paper assesses economy-wide implications of further hypothetical policy changes to the means testing of the age pension.

2014Dec
Financial independence

Daniel H. Alai, Katja Ignatieva and Michael Sherris

We generalise random shocks from a univariate gamma to a univariate Tweedie distribution and allow for the distributions to vary by age.

2014Aug
Couple researching online

Fedor Iskhakov, Susan Thorp and Hazel Bateman

We develop and simulate a stochastic lifecycle model to investigate optimal annuity purchases at retirement.

2014May
Researcher examining data

Yang Chang and Erik Schlogl

We take a more fundamental approach and explicitly model liquidity risk as the driver of basis spreads, reducing the dimensionality of the market for the frequency basis from observed spread term structures for every frequency pair down to term structures of two factors characterising liquidity risk.

2014Apr
Elderly care

Yang Shen and Michael Sherris

This paper considers the lifetime asset allocation problem with both idiosyncratic and systematic longevity risks, in which the stochastic mortality model is given by a general diffusion process.

2014Apr
Young family at home

Katja Hanewald and Fanny Kluge

Our study analyzes the impact of family structure on individual's attitudes toward risk and on their savings and investment decisions based on data from the German Socio-Economic Panel Study (SOEP) over the period 2004-2010.