Hazel Bateman, Christine Ebling, John Geweke, Jordan Louviere, Stephen Satchell, Susan Thorp
This research studies the propensity of individuals to violate implications of expected utility maximization in allocating retirement savings within a compulsory defined contribution retirement plan.
Craig Blackburn, Michael Sherris
This paper proposes and assesses consistent multi-factor dynamic affine mortality models for longevity risk applications.
Carolyn Njenga and Michael Sherris
Mortality risk models have been developed to capture trends and common factors driving mortality improvement.
Chao Qiao and Michael Sherris
Group Self-annuitisation Schemes (GSAs), or Pooled Annuity Schemes, are designed to share uncertain future mortality experience including systematic improvements.
Shu Su and Michael Sherris
Heterogeneity in mortality rates is known to exist in populations, undermining the use of age and sex as the only rating factors for life insurance and annuity products
Erik Hernaes, John Piggott, Ola Lotherington Vestad and Tao Zhang
This paper revisits the question of whether defined benefit pension plans inhibit labour mobility.
Juergen Jung and Chung Tran
In this paper we develop a stochastic dynamic general equilibrium overlapping gener ations (OLG) model with endogenous health capital to study the macroeconomic effects of the Affordable Care Act of March 2010 also known as the Obama health care reform.
Renuka Sane and John Piggott
Many countries have policies offering transfers or other entitlements, subject to a resources test.
