International Pension Workshop
The international pension workshop took place at the Marriott Hotel in Amsterdam. The workshop consisted of contributed paper sessions and invited talks. Keynote speakers were Alex Michaelides (Imperial College London) and Prof. Dr. John Laitner (University of Michigan).
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Woensdag 28 januari 2015
10.00 - 11.30 Session Longevity
Chairman: Michael KisserA multivariate model of strategic asset allocation with longevity risk
Claudio Tebaldi (Bocconi University)
Paper
PresentationDiscussant: Bertrand Melenberg (Tilburg University)
PresentationDie young or live long: modeling subjective survival probabilities
Susan Thorp (University of Technology Sydney)
Paper
Presentation10.00 - 11.30 Session Retirement 1
Chairman: Tabea Bucher – KoenenJoint retirement in Europe
Aureo de Paula (University College London)
Paper
PresentationDiscussant: Stefan Hochguertel (VU Amsterdam)
PresentationHome production and retirement in couples: a panel data analysis
Eric Bonsang (CEPS/INSTEAD in Luxembourg)
Paper
PresentationDiscussant: Jim Been (Leiden University)
Presentation10.00 - 11.30 Session Cognitive abilities
Chairman: Dorte HegerThe cognitive and economic impact of social activities in older age: evidence from 17 countries
Dimitris Christelis (CSEF, CFS, and CEPAR)
Paper
PresentationDiscussant: Lisa Brüggen (Maastricht University)
PresentationCognitive functioning and retirement in Europe
Margeritha Borella (University of Torino)
Paper
PresentationDiscussant: Raymond Montizaan (Maastricht University)
Presentation12.00 - 13.30 Session Financial Literacy
Chairman: Soumaya KeynesThe effect of financial education
on literacy and behavior: evidence from the field (and from the lab)Danilo Cavapozzi (University of Venice)
Paper
PresentationDiscussant: Hans Bloemen (VU Amsterdam)
PresentationWomen, confidence, and financial literacy
Tabea Bucher-Koenen (Max-Planck-Institute for Social Law and Social Policy)
Paper not available
PresentationDiscussant: Federica Teppa (De Nederlandsche Bank)
Presentation12.00 - 13.30 Session Precautionary savings
Chairman: John LaitnerThe effects of Hartz IV reform on precautionary savings
Eunah Whang
Paper
PresentationDiscussant: Mauro Mastrogiacomo (De Nederlandsche Bank)
PresentationPolicy uncertainty and precautionary savings: Does a possible reduction of the mortgage interest deduction increase savings in the Netherlands?
Raun van Ooijen (University of Groningen)
Paper
PresentationDiscussant: Jan Rouwendal (VU Amsterdam)
Presentation12.00 - 17.45 Session Session Informal care
Chairman: Andres VorkRetirement timing of women and the role of care responsibilities for grandchildren
Robin Lumsdaine (American University, Washington DC)
Paper
PresentationDiscussant: Viola Angelini (University of Groningen)
PresentationWork and well-being of informal caregivers in Europe
Dorte Heger (Rheinisch-Westfalisches Institut fur Wirtschatsforschung Essen)
Paper
PresentationDiscussant: Eric Bonsang (Maastricht University)
PresentationConsumption, retirement and social security: Evaluating the efficiency of reform that encourages longer careers
John Laitner (University of Michigan)
Paper
PresentationOptimal life cycle asset allocation: recap and some open questions
Alex Michealides (Imperial College London)
Paper
Presentation -
Donderdag 29 januari 2015
09.00 - 10.30 Session Macro
Chairman: Irina StefanescuTime-inconsistent preferences, borrowing costs, and social security
Scott Findley (Utah State University)
Paper
PresentationDiscussant: Yang Jiang (University of Groningen)
PresentationRedistribution in the UK state pension system
Soumaya Keynes (Institute for Fiscal Studies)
Paper
PresentationDiscussant: Ward Romp (University of Amsterdam)
Presentation (not available yet)09.00 - 10.30 Session Consumption and savings older ages
Chairman: Michael HurdConsumption behavior, annuity income and mortality risk of the elderly
Vesile Kutlu-Koc (Utrecht University)
Paper
PresentationDiscussant: Lieke Kools (Leiden University)
PresentationAnnuitized wealth and post-retirement saving
John Laitner (University of Michigan)
Paper
PresentationDiscussant: Raun van Ooijen (University of Groningen)
Presentation09.00 - 10.30 Session Mopact
Chairman: Anthony WebbPension microsimulation models in Estonia, Finland, Hungary, the Netherlands and Poland
Robert Gal
Paper
PresentationDiscussant: Marike Knoef (Leiden University)
PresentationHousing equity release, old-age income and the public economy
Niku Maattanen
Paper
PresentationDiscussant: Eduard Suari Andreu (University of Groningen)
PresentationMagnus Piirits: the impact of introduction of funded pension scheme on intragenerational inequality in Estonia
Andres Vork
Paper
PresentationDiscussant: Elena Jarocinska (CASE)
Presentation11.00 - 12.30 Session Corporate pension plans
Chairman: Paula LopesExecutive bonuses around pension freezes and departures
Irina Stefanescu (Federal Reserve Board, Washington DC)
Paper
PresentationDiscussant: Martijn Boons (Nova SBE)
Presentation (not available yet)Do pension plans manipulate pension liabilities?
Michael Kisser (Norwegian School of Economics)
Paper
PresentationDiscussant: Theo Nijman (Tilburg University)
Presentation11.00 - 12.30 Session Retirement 2
Chairman: Timm BonkeThe role of wealth in the start-up decision of new self-employed: evidence from a pension policy reform
Yue Li (VU University Amsterdam)
Paper
PresentationDiscussant: Jochem de Bresser (University of Groningen)
PresentationPredicting labor force participation of the older population
Michael Hurd (RAND, NBER, MEA, SMU)
Paper
PresentationDiscussant: Adriaan Kalwij (Utrecht University)
Presentation11.00 - 18.00 Session Health
Chairman: Manuel FloresThe effects of access to health insurance for informally employed individuals in Peru
Tobias Klein (Tilburg University)
Paper
PresentationDiscussant: Dimitris Christelis (CSEF, CFS, and CEPAR)
PresentationThe impact of health on wages: Evidence from Europe before and during the Great Recession
Manuel Flores (University of Santiago de Compostela)
Paper
PresentationDiscussant: Martin Salm (Tilburg University)
Presentation (not available yet)Economic financial literacy and pension reforms
Elsa Fornero (University of Turin)
Paper
PresentationPersonal retirement accounts with risk sharing
Lans Bovenberg (Tilburg University)
Paper
PresentationStock market mean reversion and portfolio choice over the life cycle
Alex Michaelides (Imperial College London)
Paper
PresentationWealth accumulation in the US: do inheritances and bequests play a significant role?
John Laitner (University of Michigan)
Paper
Presentation -
Vrijdag 30 januari 2015
09.15 - 10.45 Session
Reverse mortgages Chairman: Martijn BoonsReverse mortgages: What homeowners (don’t) know and how it matters
Thomas Post (Maastricht University)
Paper
PresentationDiscussant: Monika Bütler (University of st Gallen)
PresentationReverse mortgage design
Paula Lopes (London School of Economics)
Paper
PresentationDiscussant: Magnus Dahlquist (Stockholm Institute for Financial Research)
Presentation09.15 - 10.45 Session Retirement 3
Chairman: Raun van OoijenRetirement behavior in the US and Europe
Jochem de Bresser (University of Groningen)
Paper
PresentationDiscussant: Robin Lumsdaine (Kogod School of Business)
PresentationEarly retirement disincentives: Effectiveness and implications for distribution and welfare
Timm Bonke
Paper
PresentationDiscussant: Tunga Kantarci (Radboud University)
Presentation09.15 - 10.00 Session Pension expectations and financial literacy
Chairman: Dimitris GeorgarakosFinancial literacy and savings account returns
Dimitris Georgarakos (Goethe University Frankfurt and University of Leicester)
Paper
PresentationDiscussant: Tabea Bucher-Koenen (Munich Center for Economics and Aging)
Presentation11.15 - 12.45 Session Long term investment
Chairman: TBAThe correlation risk premium: term structure and hedging
Goncalo Faria (University of Porto)
Paper
PresentationDiscussant: Joost Driessen (Tilburg University)
PresentationHorizon-specic macroeconomics risks and the cross-section of expected returns
Martijn Boons (Nova School of Business, Lisbon)
Paper
PresentationDiscussant: Peter Schotman (Maastricht University)
Presentation (not available yet)11.15 - 12.45 Session Pension Design
Chairman: Susan ThorpInflation, money demand and portfolio choice
Alex Michaelides (Imperial College London)
Paper
PresentationDiscussant: Frank de Jong (Tilburg University)
PresentationOn the design of a default pension fund
Magnus Dahlquist (Stockholm School of Economics)
Paper
PresentationDiscussant: Alex Michaelides (Impeial College London)
Presentation11.15 - 12.45 Session LTC
Chairman: Eric BonsangLong term care, wealth and housing
Marija Bockarjova (VU University)
Paper
PresentationDiscussant: Rob Alessie (University of Groningen)
PresentationMedicaid and crowd-out of long-term care insurance
Anthony Webb (Center for Retirement Research at Boston University)
Paper
PresentationDiscussant: Susann Rohwedder (RAND)
Presentation
