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6th International Pension Research Association (IPRA) Conference
Date: Thursday, 24 June 2021
Time: 12.50 - 5.10 PM Central European Summer Time (other time zones here)
The International Pension Research Association (IPRA) conference, hosted by IPRA in collaboration with the OECD and the International Organisation of Pension Supervisors (IOPS), took place online on 24 June 2021.
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The theme of this year's conference is 'Pensions: Emerging from COVID-19 and Beyond'. Some of the topics for discussion include:
- Long-term Care and Pensions
- Climate Change and Pensions
- The Impact of COVID-19 on the Pension Landscape
This is an IPRA Members and by invitation conference. If you have any enquiries, please contact us.
IPRA is a new international organisation established with the aim of improving the quality and impact of research on pensions and related ageing issues to optimise social and economic outcomes for an ageing world. Its inaugural executive committee comprises representatives of the four founding organisations CEPAR (Australia), the Pension Research Council at the Wharton School of the University of Pennsylvania (USA), Netspar at Tilburg University (The Netherlands), and the OECD. To join IPRA, please sign up here. For more information, including about upcoming IPRA webinars, visit iprassn.org.
After clicking on play, the video recordings will automatically play in the below program order.
View the complete video playlist on YouTube here.
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PROGRAM: THURSDAY JUNE 24, 2021, ONLINE To view/download available presentation slides, please click on the presentation titles below. |
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12.50 - 13.00 (Central European Summer Time) |
WELCOME REMARKS Hazel Bateman, President, International Pension Research Association Pablo Antolin, Principal Economist and Head of the Private Pensions Unit, OECD |
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13:00 - 14:10
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SESSION 1: LONG TERM CARE AND PENSIONS Chair: John Piggott (CEPAR, UNSW Sydney) |
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13:00-13:15
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Eric French (Faculty of Economics, University of Cambridge, UK) |
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13:15-13:30
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A Sustainable Model for Aged Care Funding Andrew Dilnot (Nuffield College, University of Oxford, UK) |
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13:30-13:45
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Insurance for Informal Long-Term Care Hazel Bateman (CEPAR, UNSW Sydney, Australia) |
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13:45-14:10 |
Discussion |
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14:10 - 14:25 |
Break |
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14:25 - 15:35
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SESSION 2: CLIMATE CHANGE AND PENSIONS Chair: Olivia S. Mitchell (Pension Research Council, Wharton School, University of Pennsylvania) |
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14:25-14:40
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ESG and Downside Risks: Implications for Pension Funds Laura Starks (McCombs School of Business, University of Texas, USA) |
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14:40-14:55
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Assessing Climate Risk for Investment Portfolios: An Overview for (Dutch) Pension Funds Mathijs A. van Dijk (Rotterdam School of Management, Erasmus University, The Netherlands) |
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14:55-15:10
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Climate Change and Investment Strategy: Lessons from a Large Pension Fund John Pearce (CIO, UniSuper, Australia) |
| 15:10-15:35 | Discussion |
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15:35 – 15:50 |
Break |
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15:50 – 17:00
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SESSION 3: THE IMPACT OF COVID-19 ON THE PENSION LANDSCAPE Chair: André Laboul (IOPS Secretary General, OECD) |
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15:50-16:05
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Chile's Experience with COVID-19 Early Pension System Withdrawals Olga Fuentes (Chilean Pension Superintendency, Vice-President IOPS, Chile) |
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16:05-16:20
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The Short- and Long-Term Effects of Job Displacement on Employment at Older Ages Till von Wachter (UCLA, USA) |
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16:20-16:35
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How Assets Earmarked for Retirement can Support the Economy and Benefit Members Pablo Antolin (OECD, France) |
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16:35-17:00 |
Discussion |
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17:00 |
CLOSING REMARKS
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About the speakers
Eric French, Faculty of Economics, University of Cambridge, UK
Eric French is the Montague Burton Professor of Industrial Relations and Labour Economics at the University of Cambridge, Co-director, ESRC Centre for the Microeconomic Analysis of Public Policy, Institute for Fiscal Studies, and is a Fellow at the Institute for Fiscal Studies and Centre for Economic Policy Research.
French's research interests include: household behavior over the lifecycle; the impact of government and private pensions on savings and labor supply; the impact of health insurance on medical spending, savings, and labor supply; the impact of disability insurance programs on labor supply; the impact of the minimum wage on employment and spending of minimum wage households; and dynamic structural modelling.
French's research has been published in Econometrica, the Review of Economic Studies, American Economic Review, Journal of Political Economy, Handbook of Labor Economics, Handbook of the Economics of Population Aging, Annual Review of Economics, Review of Economics and Statistics, the Journal of Labor Economics, International Economic Review, Journal of Applied Econometrics, Journal of Human Resources, Economic Journal, Fiscal Studies, American Economic Journal: Policy, Lancet, and other publications.
Previously he was a professor of economics at University College London, and prior to that, senior economist and research advisor on the microeconomics team in the economic research department at the Federal Reserve Bank of Chicago. He has also had visiting positions teaching at the Department of Economics and the Business School at Northwestern University, and has also been a visiting scholar at the Federal Reserve Bank of Minneapolis, Cowles (Yale), and the Social Security Administration.
French received a B.A. in economics from the University of California–Berkeley, and M.S. and Ph.D. degrees in economics from the University of Wisconsin–Madison.
Andrew Dilnot, Nuffield College, University of Oxford, UK
Andrew Dilnot is Warden of Nuffield College Oxford and Chair of the Geospatial Commission. He was Chairman of the UK Statistics Authority from 2012 to 2017, and was the Chairman of the Commission on the Funding of Care and Support, which reported in 2011. He was Principal of St Hugh’s College, Oxford, from 2002 to 2012 and a Pro Vice Chancellor of Oxford University from 2005 to 2012. He was Director of the Institute for Fiscal Studies from 1991 to 2002. He was the founding presenter of BBC Radio 4’s series on the beauty of numbers, ‘More or Less’ and presenter of two series of ‘A History of Britain in Numbers’, also for BBC Radio 4.
Andrew has served on the Social Security Advisory Committee, the National Consumer Council, the Councils of the Royal Economic Society and Queen Mary and Westfield College, as a trustee of the Nuffield Foundation, as chairman of the Statistics Users Forum of the Royal Statistical Society, and is currently chair of the Nuffield Medical Trustees and of the advisory board for the REAL Centre at the Health Foundation. He holds Honorary Doctorates from City University and The Open University, and a City and Guilds Fellowship. He is an Honorary Fellow of the British Academy and of St John’s and St Hugh’s Colleges in Oxford.
Hazel Bateman, CEPAR, UNSW Sydney, Australia
Hazel Bateman is a Professor in the School of Risk & Actuarial Studies, UNSW Sydney and a Chief Investigator and Deputy Director of the ARC Centre of Excellence in Population Ageing Research (CEPAR). She has expertise in pension economics, behavioural retirement insurance and lifecycle finance. Her current research investigates the role of choice and information architecture, financial advice and financial literacy on lifecycle financial decisions including superannuation, housing and aged care financing. Hazel works closely with the financial services industry, superannuation and pension funds and policy makers in Australia and internationally and has consulted to international organisations including the World Bank and the OECD. She is Chair of the Netspar Scientific Council, a member of the Consultative Committee of UniSuper, an academic member of the China Ageing Finance Forum and serves on the Advisory Boards of the Mercer CFA Institute Global Pension index and the Conexus Institute. In 2019 she was appointed inaugural President of the International Pensions Research Association (IPRA).
Laura Starks, McCombs School of Business, University of Texas, USA
Laura T. Starks, Charles E. and Sarah M. Seay Regents Chair in Finance and co-Executive Director of Social Innovation Initiative at McCombs. She teaches undergraduate and graduate courses on environmental, social and governance investing, philanthropy, global financial strategies, and other finance topics. She has previously served as interim Dean, Associate Dean for Research, Chairman of the Department of Finance and Graduate Advisor. She was also Editor of the Review of Financial Studies from 2008-2014 and has won a number of research and teaching awards in her career. Her current research focuses on mutual funds, corporate governance institutional investors, molecular genetics and stock market participation, climate risk and environmental, social and governance investing. She has served on the Boards of Directors of the four national academic finance organizations: the American Finance Association, the Financial Management Association (FMA), the Society of Financial Studies (SFS) and the Western Finance Association (WFA). She is past president of the FMA, WFA and SFS and is currently President-Elect for the AFA. She is a past Chairman of the Graduate Assembly for the University of Texas at Austin, the elected faculty council that governs the University’s graduate programs, and served on the Executive Committee of the University Faculty Council. She is an independent director for CREF Retirement Accounts and TIAA-CREF Mutual Funds and previously served on the Investment Advisory Committee for the Employees Retirement System of Texas, the Board of Governors of the Investment Company Institute, and the Governing Council of the Independent Directors Council. She has also served on the 2013 Strategy Council and the 2014 Expert Panel for the Norwegian Government Pension Fund (the largest sovereign wealth fund in the world).
Mathijs A. van Dijk, Rotterdam School of Management, Erasmus University, The Netherlands
Mathijs van Dijk is Professor of Finance at the Rotterdam School of Management, Erasmus University. He is also Scientific Director at Netspar, the Dutch Network for Studies on Pensions, Aging and Retirement. He held visiting positions at Ohio State University, Duke University, and UCLA. He has published in leading academic journals such as the Review of Financial Studies, the Journal of Financial Economics, and the Journal of Accounting and Economics. His research has focused on the functional of international stock markets and his main current research interests are sustainable investing and climate risk.
John Pearce, Chief Investment Officer, UniSuper Management Pty Ltd
John Pearce joined UniSuper as Chief Investment Officer in July 2009. As CIO John is responsible for the management of around 50 investment professionals investing across all major asset classes, domestically and internationally.
John has over 30 years’ experience in the financial services industry both in Australia and Asia. He has held several senior positions including Chief Executive Officer and General Manager, Investments of Australia's largest asset management company, Colonial First State, from 2000 to 2006. From 2006 to 2008 John was the Head of Global Asset Management for Ping An, which is China's second largest insurance company.
John is Director of Treasury Corporation of Victoria.
John holds a Bachelor of Economics (Sydney), a Masters of Applied Finance (Macquarie) and attended the program for Management Development at Harvard Business School.
Olga Fuentes, Chilean Pension Superintendency, Vice-President IOPS, Chile
Olga Fuentes is a pension and labor expert with extensive experience in the global research, regulation and supervision of pension and unemployment insurance systems. She is currently Head of Strategic Research and International Affairs at the Chilean Pension Regulator and was previously Deputy Chair of Regulation and Head of the Research Division. She is Vice-President of the International Organization of Pension Supervisors (IOPS) and the delegate of the Chilean government to the OECD Working Party of Private Pensions. She has collaborated with OECD and IOPS on many research papers.
Previously, she was Senior Advisor to the Minister of Finance between 2007 and 2009 following work as an Economist at the Central Bank of Chile in the area of International Finance and as a Research Analyst at a major Chilean Stock Broker. She has been a consultant for the IADB, speaker in international conferences, lecturer in economics and finance in Chile and the United States, and author of papers and articles in the areas of pensions including on investment, risk, financial education, experimental evaluations, unemployment insurance, labor, applied micro-econometrics and applied macroeconomics. She has a first degree in Economics and a Master’s degree in Finance from the University of Chile. She holds a PhD. in Economics at Boston University.
Till von Wachter, UCLA, USA
Till von Wachter is Professor of Economics at the University of California Los Angeles, Faculty Director of the California Policy Lab, Director of the Federal Statistical Research Data Center, and Associate Dean for Research for the Social Science Division. Prof. von Wachter’s research examines how labor market conditions and institutions affect the well-being of workers and their families. This includes the analysis of unemployment and job loss on workers’ long-term earnings and health outcomes, as well as the role of unemployment insurance and disability insurance in buffering such shocks.
Current research projects focus on job and earnings mobility of young workers over their careers, the effects of minimum wages, as well as several projects on homelessness using administrative data from Los Angeles. Professor von Wachter’s research has been supported by the National Science Foundation, the National Institute on Aging, the Social Security Administration, the Sloan Foundation, the Russell Sage Foundation, the Hilton Foundation, and Arnold Ventures.
Prof. von Wachter has been an expert witness in numerous testimonies before committees of U.S. Congress, and has provided expert assistance to the City and County of Los Angeles, the U.S. Department of Labor, the Canadian Labor Ministry, the OECD, the United Nations, and the IMF.
Pablo Antolin, OECD
Mr. Antolín has a PhD in Economics from the University of Oxford and an undergraduate degree in Economics from the University of Alicante (Spain).
For media or event enquiries, contact Silke Weiss on s.weiss@unsw.edu.au or +61 2 9385 7359 (AEST, UTC+10).
IPRA is a new international organisation established with the aim of improving the quality and impact of research on pensions and related ageing issues to optimise social and economic outcomes for an ageing world. Its inaugural executive committee comprises of IPRA President Professor Hazel Bateman and representatives of the founding organisations CEPAR (Australia), the Pension Research Council at the Wharton School of the University of Pennsylvania (USA), Netspar at Tilburg University (The Netherlands), Willis Towers Watson, and the OECD. For more information visit iprassn.org.