Online After Lunch Taskforce Meeting: Prudent investment for agents with unstable preferences in an uncertain world

Netspar organizes this online After Lunch Taskforce Meeting for partners and employees of partners. Researchers will outline their latest retirement research and then receive feedback and answer questions. It is just another way we bring science, academics, and professional practice closer together.

In this online After Lunch Taskforce Meeting by Nikolaus Schweizer (Tilburg University) you will learn more about prudent investment for agents with unstable preferences in an uncertain world.

This research is being conducted together with Anne Balter (Tilburg University) en Rob van den Goorbergh (APG).

Questions and input on this ongoing research are welcome.

This is an English-speaking event.

One of the challenges that comes with the new Dutch pension law is the elicitation and processing of participants’ risk preferences and risk capacities. In this research project, we provide some answers to two closely related questions: How much personalization is necessary to reach satisfactory results? How bad is it really if for some reason a participant’s investment strategy does not match their preferences exactly? Reasons for such a mismatch include many different things: changes in preferences or household earnings, measurement errors, but also the grouping of slightly different participants within a “risk class”. We find that life-cycle utility is surprisingly robust to variations of the investment strategy. An important source of exceptions are unexpected drops in pension accrual which could, e.g., be due to disability, unemployment or unplanned part-time work.

Locatie: Tilburg University Seminar Room K834 Warandelan 2 5037 AB Tilburg

Netspar, Network for Studies on Pensions, Aging and Retirement, is a thinktank and knowledge network. Netspar is dedicated to promoting a wider understanding of the economic and social implications of pensions, aging and retirement in the Netherlands and Europe.

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