Bei Lu, John Piggott, and Bingwen Zheng
This paper discusses the potential expansion of the role of the Notional Defined Contribution paradigm in the ongoing reforms of retirement provision in China. China has remarkably high nominal retirement coverage of its population. At the same time, however, issues of sustainability, equity and governance are challenging and real.
Chung Tran and Sebastian Wender
We quantify marginal excess buden, defined as the change in deadweight loss for an addional dollar of tax revenue, for different taxes.
Han Li, Katja Hanewald and Shang Wu
In this paper, we provide a province-by-province analysis of healthy life expectancy at birth for China. We develop a predictive multiple regression model utilizing information on life expectancy, health and socio-economic factors to estimate healthy life expectancy for Chinese provinces.
Jennifer Alonso-Garcia and Michael Sherris.
We analyze the impact of various popular product choices in the Netherlands and in Australia on the welfare of individuals allowing for different income levels.
Jennifer Alonso-García and Pierre Devolder
Notional Defined Contribution pension schemes are defined contribution plans which are pay-as-you-go financed. We study how the scheme should be designed to achieve liquidity and solvency with a limited set of assumptions in a continuous overlapping generations model that increases traceability of the results.
Adam W. Shao, Hua Chen and Michael Sherris
We consider the impact of housing and the availability of reverse mortgages and long-term care insurance on a retiree's optimal portfolio choice and consumption decisions.
Katja Hanewald, Han Li and Adam W. Shao
In this paper, we develop a new flexible approach to modeling health transitions in a multi-state Markov model that allows for age effects, time trends and age-time interactions.
Bei Lu, Hong Mi, Yana Zhu and John Piggott
This paper will document the Qingdao Long-term Care Medical Insurance (LTCMI) programme in order to properly understand and analyse its recipient demographics and the determinants of cost differentials for clients presenting with different patterns of disability.
Shang Wu, Hazel Bateman, Ralph Stevens, and Susan Thorp
We study the demand for income-indemnity long term care (LTC) insurance, a product that pays income in LTC states whether care services are used or not.
