Rafal Chomik and John Piggott
We briefly compare the Australian and US economies and demographies, and then describe the Australian arrangements and assess its economic efficiency and efficacy in delivering retirement support.
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Working Papers
2014Dec
2014Dec
Rafal Chomik and John Piggott
This chapter sets the context for the rest of the volume. The focus is mostly on countries in East and South-East Asia, but it includes contrasting comparisons to key regional countries such as India and Australia.
2014Dec
George Kudrna
This paper assesses economy-wide implications of further hypothetical policy changes to the means testing of the age pension.
2014Dec
Daniel H. Alai, Katja Ignatieva and Michael Sherris
We generalise random shocks from a univariate gamma to a univariate Tweedie distribution and allow for the distributions to vary by age.
2014Aug
Fedor Iskhakov, Susan Thorp and Hazel Bateman
We develop and simulate a stochastic lifecycle model to investigate optimal annuity purchases at retirement.
2014May
Yang Chang and Erik Schlogl
We take a more fundamental approach and explicitly model liquidity risk as the driver of basis spreads, reducing the dimensionality of the market for the frequency basis from observed spread term structures for every frequency pair down to term structures of two factors characterising liquidity risk.
2014Apr
Yang Shen and Michael Sherris
This paper considers the lifetime asset allocation problem with both idiosyncratic and systematic longevity risks, in which the stochastic mortality model is given by a general diffusion process.
2014Apr
The Impact of Family Structure on Risk Attitudes and Financial Decisions during the Financial Crisis
Katja Hanewald and Fanny Kluge
Our study analyzes the impact of family structure on individual's attitudes toward risk and on their savings and investment decisions based on data from the German Socio-Economic Panel Study (SOEP) over the period 2004-2010.
2014Apr
Julie Agnew, Hazel Bateman, Christine Eckert, Fedor Iskhakov, Jordan Louviere and Susan Thorp
Using an online incentivised discrete choice experiment, we study how well individuals judge financial advice and whether factors other than advice quality influence their evaluations.