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.
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.
Shiko Maruyamaya and Meliyanni Johar
When siblings are concerned for the well-being of their elderly parents, the costs of care giving and long-term commitment create a free-rider problem.
Daniel Cho, Katja Hanewald and Michael Sherris
We analyse the risk and profitability of reverse mortgages with lump-sum or income stream payments from the lender's perspective
Ramona Meyricke and Michael Sherris
This paper quantities the financial impact of frailty on underwritten annuities.
Daniel H. Alai, Severine Gaille and Michael Sherris
Changes in underlying mortality rates significantly impact insurance business as well as private and public pension systems.
Andy Wong, Michael Sherris, and Ralph Stevens
This paper uses stochastic mortality and interest rate models to assess life and annuity capital requirements and quantify the benefits of natural hedging taking into account relative profit loadings on products.
Cagri S. Kumru and Saran Sarntisart
In this paper we provide a model that aims to answer the following questions: First, under what conditions an alternative banking system would arise? Second, what are the growth, and welfare implications of these banking systems?
Severine Gaille, Michael Sherris
This paper applies VECM to cause-of-death mortality rates in order to assess the dependence between these competing risks.
Daniel Alai, Hua Chen, Daniel Cho, Katja Hanewald and Michael Sherris
In this paper, we compare cash flows and risk profiles from the provider's perspective for reverse mortgage and home reversion contracts.