Loretti I. Dobrescu
This paper develops a dynamic structural life-cycle model to study how heterogeneous health and medical spending shocks affect the savings behavior of the elderly.
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Working Papers
2013Jun
Katja Hanewald, Thomas Post and Michael Sherris
We study the optimal product choice of home equity release products from the homeowner's perspective in the presence of longevity, long-term care, house price, and interest rate risk.
2013May
Hal Kendig and Nina Lucas
Social change in Australia over the post WW II era -including increasing prosperity, massive immigration, and increasing public support - has brought overall improvements in intergenerational relationships and outcomes for older people.
2013May
Joelle H. Fong, Adam W. Shao and Michael Sherris
We apply generalized linear models to evaluate disability transitions for individuals in old age based on a large sample of U.S. elderly.
2013May
Michael Sherris and Qiming Zhou
This paper overviews recent developments in models for mortality heterogeneity and uses a model calibrated to both population mortality and health condition data to consider the impact of model risk and heterogeneity in assessing solvency and tail risk for longevity risk products.
2013Apr
Cagri S. Kumru and Saran Sarntisart
The purpose of this paper is to examine the question of optimal taxation when individuals have self-control problems.
2013Mar
Adam Wenqiang Shao, Michael Sherris and Katja Hanewald
This paper estimates and compares methods of constructing disaggregated house price indices from existing house price models using individual sales data for Sydney.
2013Mar
Hazel Bateman, Isabella Dobrescu, Ben R. Newell, Andreas Ortmann and Susan Thorp
We report the results of two laboratory experiments that study how university student and staff participants chose retirement savings investment options using 'user‐friendly' information prescribed by regulators.
2013Mar
Vanessa Loh and Hal Kendig
This paper provides national findings on both paid, tax-generating and unpaid, voluntary productivity across the life course, focusing primarily on the baby boomer cohort now in late middle age.