Collective investments for heterogeneous individuals
This workshop is related to the Netspar theme research on how differences in risk preferences and risk capacity between participants in pension schemes translate to collective investment policies.
This event is based on a collaboration by Netspar and Anne Balter and Nikolaus Schweizer from Tilburg University, and Peter Schotman and Paulo Rodrigues from Maastricht University. Both national and international speakers will present their work at this one-day event that will take place on Thursday the 4th of April 2024 at the LocHal in Tilburg.
09:00 – 09:50
Registration and coffee
09:50 – 10:00
Welcome Anne Balter (Tilburg University)
10:00 – 10:30
Solving dynamic portfolio and consumption problems by going forward in time Paulo Rodrigues (Maastricht University), Yixuan Ma (MU), Peter Schotman (MU)
10:30 – 11:00
Mandatory pension saving and homeownership Marlene Koch (University of Konstanz), Marcel Fischer (Konstanz), Bjarne Astrup Jensen (Copenhagen Business School)
11:00 – 11:15 Coffee and tea
11:15 – 12:15
Optimal retirement saving and dissaving Claus Munk (Copenhagen Business School)
12:15 – 13:30 Lunch
13:30 – 14:30
Optimal inflation risk sharing among pension fund participants. Nicole Branger (University of Muenster), Paulo Rodrigues (MU), Peter Schotman (MU)
14:30 – 15:00
The impact of prospect theory preferences on the traditional estimation of the curvature of the utility function: a simulation Alina Borovitskaya (VU), Martijn van den Assem (VU), Marieke Bos (Stockholm U, VU), Martijn de Vries (VU), Rogier Potter van Loon (TKP, Erasmus)
15:00 – 15:30 Coffee and tea
15:30 – 16:00
Theory in practice: from (heterogeneous) individual characteristics to optimal
(homogenous) collective investments for a Dutch pension fund Rogier Potter van Loon (TKP Pensions, Erasmus School of Economics).
16:00 – 16:30
Welfare effects due to collective investments based on heterogeneous preferences Javier Garcia (Tilburg University) Anne Balter (TiU), Nikolaus Schweizer (TiU)
16.30 – 17.00
Medium-run labor income risk Frank de Jong (UvT), Esther Eiling (UvA), Roger Laeven (UvA), Rob Sperna Weiland (Rabobank, UvA)
17:00 – 17:10 Closing Peter Schotman (Maastricht University)
17:10 – 18:00 Drinks
